SB 281 — Session Law

… ems practicable after delivery, the State Escheator shall send written notice to an owner prior to liquidation that a security or other property that is not money presumed abandoned and appears to be owned by the owner is held by the State Esch …

… oviding notice under subsection (a) of this section, the State Escheator shall send written notice to each owner of a security or other property that is not money held by the State Escheator to the last-known address of the owner contained in t …

… ines that the notice would not be received by the owner or the State Escheator determines that the total value of the security or other property that is not money does not exceed $50. If, on reasonable inspection, the State Escheator determines …

… The State Escheator and the State of Delaware shall not be are not liable to an owner based upon the liquidation of a security or other property that is not money if one of the following applies: a. notice Notice has been sent as provided by thi …

… visions of § 1160(a)(2) of this title, the State Escheator and the State of Delaware are not liable to the owner of a security or other property that is not money for an amount that exceeds that which was actually received upon the liquidation …

… er property that is not money for an amount that exceeds that which was actually received upon the liquidation of the security. Section 4. Amend § 1159, Title 12 of the Delaware Code by making deletions as shown by strike through and insertion …

… ns as shown by strike through and insertions as shown by underline as follows: § 1159. Disposal of securities. If a security is delivered to the State Escheator under this chapter on or after July 1, 2017, the State Escheator shall, subsequen …

… subsequent to satisfying the notice requirements of § 1150 of this title, subject to § 1150 of this title, sell the security on any established stock exchange or by such other means as the State Escheator deems advisable as soon as the State …