Loading chat...
DE HB2
Bill
Status
1/30/2013
Primary Sponsor
Peter Schwartzkopf
Click for details
AI Summary
-
Clarifies that the State Escheator's duty to protect confidential information applies to all of Chapter 11 (abandoned property laws), not just a specific subchapter.
-
Extends the deadline for holders to enter into voluntary self-disclosure agreements and make payment from June 30, 2014 to June 30, 2015, providing an additional year for compliance.
-
Allows holders who previously entered voluntary self-disclosure agreements before June 30, 2012 to enter new agreements covering related entities, additional property types, or time periods not included in their original agreements.
-
Expands incentives for holders of abandoned property to voluntarily report and resolve claims with the state through the voluntary self-disclosure program.
Legislative Description
An Act To Amend Title 12 Of The Delaware Code Relating To Abandoned Or Unclaimed Property.
Last Action
Signed by Governor
1/30/2013