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DE HB22
Bill
Status
Passed
5/10/2011
Primary Sponsor
James Johnson
Click for details
AI Summary
- Allows sheriffs to file motions with Superior Court to declare property abandoned when located on land being sold at sheriff's sale due to mortgage foreclosure
- Property may be declared abandoned if the owner is unknown, deceased without heirs, a dissolved corporation, cannot be located, or has been absent from the premises for at least 60 days
- Requires the sheriff to post notice at the property at least 30 days before filing the motion and make reasonable efforts to notify the owner
- Once property is declared abandoned, the sheriff may remove and dispose of it through sale, donation to charity, or other disposition, with proceeds applied to removal and storage costs
- Any remaining proceeds after costs are deducted will be paid into Superior Court to be held for the property owner for up to one year before escheating to the State
Legislative Description
An Act To Amend Title 25 Of The Delaware Code Relating To Abandoned Property
Last Action
Signed by Governor
5/10/2011
Committee Referrals
Judiciary3/29/2011
Judiciary1/25/2011
Full Bill Text
No bill text available