§ 7-103. Money deposited or advanced for use or rental of real
property; waiver void; administration expenses. 1. Whenever money shall
be deposited or advanced on a contract or license agreement for the use
or rental of real property as security for performance of the contract
or agreement or to be applied to payments upon such contract or
agreement when due, such money, with interest accruing thereon, if any,
until repaid or so applied, shall continue to be the money of the person
making such deposit or advance and shall be held in trust by the person
with whom such deposit or advance shall be made and shall not be mingled
with the personal moneys or become an asset of the person receiving the
same, but may be disposed of as provided in section 7-105 of this
chapter.