Delaware Governor Signs Unclaimed Property Overhaul Into Law
On July 22, 2015, Delaware Governor Jack Markell signed into law a significant piece of unclaimed property reform legislation, S.B. 141. Alston & Bird issued an advisory on June 23 analyzing the changes brought about by the bill. Our advisory is available here: www.alston.com/advisories/serious-property-reform.
To summarize, S.B. 141 will do the following:
Make permanent the Secretary of State's voluntary disclosure program.
Require the Department of Finance to provide holders with the opportunity to enter into the Secretary of State's VDA program before being subjected to [...]Read more