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 Back | 144th General Assembly
Senate Bill # 334 |
| Primary Sponsor: | DeLuca | Additional Sponsor(s): Rep. Cathcart |
| CoSponsors: | Cook Sorenson Still Adams Blevins Copeland,Oberle Gilligan Keeley Maier Manolakos Miro Wagner |
| Introduced on : | 06/26/2008 | |
| Long Title: | AN ACT TO AMEND TITLE 12 OF THE DELAWARE CODE RELATING TO ESCHEATS. |
| Synopsis: | SYNOPSIS
This bill follows the trend in other states to lower the period of dormancy to 3 years for investment type properties. Federal securities laws generally require due diligence to be performed twice before the expiration of 3 years. If an owner cannot be located within this period and reunited with his property the purposes of abandoned property laws are advanced by having this property turned over to the State in this shorter period of time rather than have it remain in the hands of the holder or his agent.
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| Voting Reports: |
Senate vote: () Passed 6/26/08 5:05:04 PM------->
House vote: () Passed 6/30/08 4:27:54 PM-------> |
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Actions History:
| Jun 30, 2008 - Signed by Governor
Jun 30, 2008 - Passed by House of Representatives. Votes: Passed 36 YES 4 NO 0 NOT VOTING 1 ABSENT 0 VACANT
Jun 30, 2008 - Necessary rules are suspended in House
Jun 30, 2008 - Introduced and Assigned to Revenue & Finance Committee in House
Jun 26, 2008 - Passed by Senate. Votes: Passed 21 YES 0 NO 0 NOT VOTING 0 ABSENT 0 VACANT
Jun 26, 2008 - Necessary rules are suspended in Senate
Jun 26, 2008 - Lifted From Table in Senate
Jun 26, 2008 - Laid On Table in Senate
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