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Delaware Code Title 12. Decedents' Estates and Fiduciary Relations § 1148. Notice to owner by holder

Current as of January 01, 2022 | Updated by FindLaw Staff

The holder of property presumed abandoned shall send to the owner notice that complies with § 1149 of this title in a format acceptable to the State Escheator, by first-class United States mail, not more than 120 days nor less than 60 days before filing the report under § 1142 of this title, or at any time as directed under § 1171(5) of this title, if both of the following apply:

(1) The holder has in its records an address for the owner sufficient to direct the delivery of first-class United States mail to the owner, which the holder's records do not disclose to be invalid.

(2) The value of the property is $50 or more, unless the property is a security, in which case the holder must send notice to the owner regardless of the value of the property.

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Cite this article: FindLaw.com - Delaware Code Title 12. Decedents' Estates and Fiduciary Relations § 1148. Notice to owner by holder - last updated January 01, 2022 | https://codes.findlaw.com/de/title-12-decedents-estates-and-fiduciary-relations/de-code-sect-12-1148/

Read this complete Delaware Code Title 12. Decedents' Estates and Fiduciary Relations § 1148. Notice to owner by holder on Westlaw

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