Delaware Amends Abandoned And Unclaimed Property Self-Disclosure Program


Recently, Delaware enacted HB 2, which amends the state’s voluntary self-disclosure program for abandoned and unclaimed property. Among other things, the bill creates additional incentives for holders of such property to report it to the state and resolve claims. Specifically, holders of such property that disclosure before June 30, 2013 will have up to one additional year to enter into an agreement and make payment.