The Court of Chancery may, in the securing or investing of a sum or sums of money under orders of the Court, cause to be taken for the same, in any case not otherwise provided for by law, a recognizance, bond or mortgage in the name of the State, with condition for the payment of the money so to be secured in such manner and subject to such provisions as the Court orders, to the end that the money may be secured for the use and benefit of the person or persons who may be entitled to or interested in the same. Upon any recognizance, bond or mortgage so to be taken, a suit may be prosecuted to judgment and execution in the name of the State, but for the use of any person or persons injured by the breach of such recognizance, bond or mortgage, pursuant to the provisions of Chapter 75 of this title.
A Judge of the Court of Chancery may by general or special rule or order direct that any or all moneys deposited with the Court of Chancery in connection with any action in such Court:
All income and interest earned on all such deposits and investments are declared to be public moneys and shall from time to time on order of a Judge of such Court be paid to the State Treasurer.
The Register in Chancery in the county in which such funds are deposited or invested shall be responsible for the deposit or investment thereof as provided in this section, provided that the Register shall not be liable for any loss of deposit or investment not caused by his or her own negligence or misconduct.
Nothing contained in this section shall prevent the Court from ordering that moneys deposited in connection with any action be segregated or maintained in a special account or deposit if, in the judgment of the Court, that should be done.
Structure Delaware Code
Title 10 - Courts and Judicial Procedure
Subchapter III. General Jurisdiction and Powers
§ 341. Matters and causes in equity.
§ 342. Adequate remedy in other courts.
§ 343. Injunctions staying actions at law, or to prevent waste.
§ 344. Proceedings in chambers.
§ 345. Power to invest moneys and take security.
§ 347. Mediation proceedings for business disputes.
§ 348. Disputes involving deed covenants or restrictions.
§ 349. Arbitration proceedings for business disputes.
§ 350. Voluntary final adjudications before a Master in Chancery.