Alston & Bird Tax Blog

Litigate, Legislate and Repeat: The Delaware Escheat Law Spin Cycle

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Our Unclaimed Property Team reviews Delaware SB 281, which would grant additional power to the State Escheator. This bill:

  • Attempts to clarify Delaware’s unclaimed property laws.
  • Codifies practices the State Escheator implemented after the enactment of 2021’s SB 104.
  • Has the potential to trigger additional holder and owner litigation.

Read the full advisory here.

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About Alston & Bird Unclaimed Property

We assist our clients in analyzing complex legal issues, obtaining legal opinions, conducting multistate/multi-entity internal compliance reviews, designing corporate compliance policies, advising on planning and related restructurings, negotiating voluntary disclosure agreements, defending single-state and multistate audits, litigating unclaimed property issues and influencing unclaimed property policy and administration.

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