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DE SB13

Bill

Official Source

Status

Passed

2/2/2017

Primary Sponsor

Bryan Townsend

Click for details

Origin

Senate

149th General Assembly

AI Summary

  • Amends Delaware Code Titles 12 and 25 to address the handling of abandoned or unclaimed property.

  • Clarifies procedures for reporting, holding, and liquidating unclaimed or abandoned property by financial institutions and other holders.

  • Updates requirements for notification to property owners and the state regarding unclaimed property status.

  • Establishes or modifies timelines and conditions under which property is presumed abandoned.

  • Revises the Delaware State Escheator's authority and processes for receiving, managing, and disposing of unclaimed property funds.

Legislative Description

An Act To Amend Titles 12 And 25 Of The Delaware Code Relating To Abandoned Or Unclaimed Property.

Last Action

Signed by Governor

2/2/2017

Committee Referrals

Administration1/24/2017
Banking, Business & Insurance1/12/2017

Full Bill Text

No bill text available