12 Del. C. § 1142
This is the official text of 12 Del. C. § 1142, part of Delaware’s Del. C — part of the compiled statutory law of Delaware, published by the state as "Del. C." Browse the sections below, each linked to its official government source.
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§ Â 1142. Report required by holder.
Official statutory text
(a) A holder of property presumed abandoned and subject to the custody of the State Escheator shall file an annual report to the State Escheator concerning the property. Beginning March 1, 2018, all reports under this section must be in a web-based record, and the State Escheator may not accept any other medium or method for submitting the report.
(b) A holder may contract with a third party to make the report required under subsection (a) of this section.
(c) If a holder contracts with a third party under subsection (b) of this section, the holder is responsible to the State Escheator for all of the following:
(1) The complete, accurate, and timely reporting of property presumed abandoned.
(2) Paying or delivering to the State Escheator property described in the report filed under this section.
(b) A holder may contract with a third party to make the report required under subsection (a) of this section.
(c) If a holder contracts with a third party under subsection (b) of this section, the holder is responsible to the State Escheator for all of the following:
(1) The complete, accurate, and timely reporting of property presumed abandoned.
(2) Paying or delivering to the State Escheator property described in the report filed under this section.
Status: in_force · Read it on the official government site
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