Delaware Laws - Title 12 Decedents' Estates and Fiduciary Relations
Subchapter II. Abandoned or Unclaimed Property

Sec. 1175. Payment of abandoned property after receivership. (1300)(1-click HTML)

(a) Not later than February 1 in each year the State Bank Commissioner shall pay to the State Escheator all such abandoned property held by the Commissioner which shall have become abandoned property at any time prior to the July 1 next preceding, excepting such abandoned property as since such July 1 shall have ceased to be abandoned. (1301)

(b) Such payment shall be accompanied by a statement signed by the State Bank Commissioner setting forth the name and last known address of and the amount owing to each person appearing to be the owner of any such abandoned property or, if the name is unknown, the nature and identifying number of the indebtedness and the name of the banking organization or foreign banking corporation from which such abandoned property was received together with such other identifying information as the State Escheator may require. (1302)

(12 Del. C. 1953, Sec. 1175; 50 Del. Laws, c. 507, Sec. 1; 70 Del. Laws, c. 186, Sec. 1.) (1303)


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