DE HB2 | 2013-2014 | 147th General Assembly
Status
Completed Legislative Action
January 30 2013 - Signed by Governor
Text: Latest bill text (Draft #1) [HTML]
January 30 2013 - Signed by Governor
Text: Latest bill text (Draft #1) [HTML]
Summary
This bill creates additional incentives for holders of abandoned property to report such property to the state and promptly resolve such claims. The bill expands the new voluntary self-disclosure program administered by the Secretary of State and enacted by the 146th General Assembly to further incentivize participation in the program. Section 1 clarifies the existing duty of the State Escheator to protect confidential information by confirming that the existing duty covers the entirety of Chapter 11. Section 2 amends 1177(b)(1) to provide holders that elect into a voluntary self-disclosure prior to June 30, 2013 up to one additional year to enter into an agreement and make payment or enter into a payment plan. Section 3 amends 1177(d)(2) to clarify that a holder that has previously entered into a voluntary disclosure agreement prior to June 30, 2012 may enter into the new voluntary disclosure program with respect to any related party that was not included in an earlier voluntary self-disclosure or with respect to property types and/or periods that were not included in a prior voluntary self-disclosure agreement.
Title
An Act To Amend Title 12 Of The Delaware Code Relating To Abandoned Or Unclaimed Property.
Sponsors
Roll Calls
2013-01-24 - Senate Third Reading (Y: 21 N: 0 NV: 0 Abs: ) [PASS]
2013-01-17 - House Third Reading (Y: 41 N: 0 NV: 0 Abs: ) [PASS]
2013-01-17 - House Third Reading (Y: 41 N: 0 NV: 0 Abs: ) [PASS]
History
| Date | Chamber | Action |
|---|---|---|
| 2013-01-30 | House | Signed by Governor |
| 2013-01-24 | Senate | Passed by Senate. Votes: Passed 21 YES 0 NO 0 NOT VOTING 0 ABSENT 0 VACANT |
| 2013-01-24 | Senate | Necessary rules are suspended in Senate |
| 2013-01-23 | Senate | Reported Out of Committee (EXECUTIVE) in Senate with 4 On Its Merits |
| 2013-01-22 | Senate | Assigned to Executive Committee in Senate |
| 2013-01-17 | House | Passed by House of Representatives. Votes: Passed 41 YES 0 NO 0 NOT VOTING 0 ABSENT 0 VACANT |
| 2013-01-16 | House | Reported Out of Committee (HOUSE ADMINISTRATION) in House with 1 Favorable, 4 On Its Merits |
| 2013-01-10 | House | Introduced in House and assigned to House Administration Committee |
| 2013-01-10 | House | Assigned to House Administration Committee in House |
