SENATE BILL 13 AND IMPACT ON UNCLAIMED PROPERTY

SB 13 Proposes Sweeping Reforms to Delaware’s Unclaimed Property Program.
On January 12, 2017, Senate Bill (“SB”) 13 was introduced in Delaware, potentially significantly impacting the state’s existing unclaimed property program. If enacted the bill, which was cosponsored by Senator Bryan Townsend and Representative Bryon Short, would effectively rewrite some key provisions of Chapter 11, Title 12 of the Delaware Code.