Del. Code 12, § 1142 : Decedents' Estates And Fiduciary Relations — Escheats — Abandoned Or Unclaimed Property — Publication of abandoned property by State Escheator

  • Date:

Current through 2016 Legislative Session, Act 399

(a) In the month of October of each year the State Escheator shall publish in a daily newspaper of this State a statement of abandoned or unclaimed property or funds paid to the Escheator during the 12 months ending July 1 next preceding such publication which shall not have been paid to claimants and which shall not have been previously advertised under the provisions of § 1161, § 1172 or § 1183 of this title.
(b) Such statement shall be in such form and classified in such manner as the State Escheator shall determine, except that names of persons appearing to be entitled to any such abandoned property shall be listed in alphabetical order within each such classification.
(c) Such statement shall set forth:
(1) The names and last known addresses of all persons appearing from the records in the State Escheator's office to be entitled to receive such abandoned property consisting of money not less than $10 in amount;
(2) The names and last known addresses of all persons appearing from the records in the State Escheator's office to be entitled to receive such abandoned property consisting of personal property other than money and which the State Escheator shall not have determined, as provided in § 1143 of this title, to be valueless or of such little value that a sale thereof would cost in excess of the probable proceeds therefrom;
(3) Where any such abandoned property consisted of personal property other than money and was converted into money pursuant to § 1143 of this title and such money amounts to $10 or more, the names and last known addresses of the persons appearing from the records in the State Escheator's office to be entitled to receive the same;
(4) Such other information as the State Escheator may determine; and
(5) A statement:
a. That a public record is maintained in the office of the State Escheator of all abandoned property in accordance with § 1141 of this title; and
b. That a claim for any such abandoned property should be filed with the State Escheator at the Escheator's office in the City of Wilmington.
(d) Notwithstanding the foregoing provisions of this section, the State Escheator may omit from such statement the name and last known address of any person where special circumstances make it desirable that such information be withheld.
Del. C. § 1142
12 Del. C. 1953, § 1142; 50 Del. Laws, c. 507, § 1; 68 Del. Laws, c. 122, §1; 70 Del. Laws, c. 186, § 1; 70 Del. Laws, c. 298, § 4.;
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