Senate Bill 79
149th General Assembly (2017 - 2018)
Bill Progress
Lieu/Substituted 6/2/17
The General Assembly has ended, the current status is the final status.
Bill Details
5/5/17
AN ACT TO AMEND TITLE 12 OF THE DELAWARE CODE RELATED TO ABANDONED OR UNCLAIMED PROPERTY.
This Act makes corrections and changes to Senate Bill No. 13 of the 149th General Assembly (81 Del. Laws, c. 1), which was signed February 2, 2017, as follows:
Section 1 returns the law on this subject to its status before the enactment of Senate Bill No. 13.
Section 2 ensures holders have sufficient time to comply with Senate Bill No. 13’s due diligence requirements with owners.
Section 3 clarifies that the State will indemnify and defend a holder against claims made by a foreign jurisdiction for property paid or delivered to the State Escheator in good faith.
Section 4 corrects an internal reference.
Section 5 corrects an inconsistency among dates.
Sections 6 and 7 allow the State Escheator to waive interest for late filed property remitted with a required report or while under examination.
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Takes effect upon being signed into law
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On its Merits:
Unfavorable: