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DE HB2

Bill

Status

Passed

1/30/2013

Primary Sponsor

Peter Schwartzkopf

Click for details

Origin

House of Representatives

147th General Assembly

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

Committee Referrals

Executive1/22/2013
Administration1/10/2013

Full Bill Text

No bill text available