The moneys collected by the Commissioner in a proceeding under this chapter shall be from time to time deposited in 1 or more state or national banks, savings banks or trust companies, and in the case of the insolvency or voluntary or involuntary liquidation of any such depositary which is an institution organized and supervised under the laws of this State, such deposits shall be entitled to priority of payment on an equality with any other priority given by the banking laws of this State. The Commissioner may in his or her discretion deposit such moneys or any part thereof in a national bank or trust company as a trust fund.
Structure Delaware Code
Chapter 59. REHABILITATION AND LIQUIDATION
Subchapter I. General Provisions
§ 5901. Definitions [For application of this section, see 79 Del. Laws, c. 207, § 3].
§ 5903. Commencement of delinquency proceedings.
§ 5904. Injunctions [For application of this section, see 79 Del. Laws, c. 207, § 3].
§ 5904A. Proceedings against bank insurance division.
§ 5905. Grounds for rehabilitation; domestic insurers.
§ 5906. Grounds for liquidation.
§ 5907. Grounds for conservation; foreign insurers.
§ 5908. Grounds for conservation — Alien insurers.
§ 5909. Grounds for ancillary liquidation; foreign insurers.
§ 5910. Order of rehabilitation; termination.
§ 5911. Order of liquidation; domestic insurers; insolvent insurer's assets.
§ 5912. Order of conservation or ancillary liquidation of foreign or alien insurers.
§ 5913. Conduct of delinquent proceedings against domestic and alien insurers.
§ 5914. Conduct of delinquency proceedings against foreign insurers.
§ 5915. Claims of nonresidents against domestic insurers.
§ 5916. Claims against foreign insurers.
§ 5917. Form of claim; notice; hearing.
§ 5918. Priority of certain claims.
§ 5919. Attachment and garnishment of assets.
§ 5920. Uniform Insurers Liquidation Act.
§ 5921. Deposit of moneys collected.
§ 5923. Borrowing on pledge of assets.
§ 5924. Date rights fixed on liquidation.
§ 5925. Voidable transfers [For application of this section, see 79 Del. Laws, c. 207, § 3].
§ 5926. Priority of claims for compensation.
§ 5928. Allowance of certain claims.
§ 5929. Order of insolvency; time to file claims.
§ 5930. Report and petition for assessment.
§ 5931. Order and levy of assessments.
§ 5932. Assessment prima facie correct; notice; payment; proceedings to collect.