Synopsis
This Act makes corrections and changes to Senate Bill No. 13 of the 149th General Assembly (81 Del. Laws, c. 1), which was signed February 2, 2017, as follows: Section 1 returns the law on this subject to its status before the enactment of Senate Bill No. 13. Section 2 ensures holders have sufficient time to comply with Senate Bill No. 13’s due diligence requirements with owners. Section 3 clarifies that the State will indemnify and defend a holder against claims made by a foreign jurisdiction for property paid or delivered to the State Escheator in good faith. Section 4 corrects an internal reference. Section 5 corrects an inconsistency among dates. Sections 6 and 7 allow the State Escheator to waive interest for late filed property remitted with a required report or while under examination.