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2017 Delaware Code
Title 12 - Decedents' Estates and Fiduciary Relations
CHAPTER 11. ESCHEATS
Subchapter II Unclaimed Property
§ 1184. Other civil penalties.
Universal Citation: 12 DE Code § 1184 (2017)
If a holder enters into a contract or other arrangement for the purpose of evading an obligation under this chapter or otherwise wilfully fails to perform a duty imposed on the holder under this chapter, the State Escheator may require the holder to pay the State Escheator, in addition to interest as provided in § 1183(a) of this title, a civil penalty of $1,000 for each day the obligation is evaded or the duty is not performed, up to a cumulative maximum amount of $25,000, plus 25% of the amount or value of any property that should have been but was not reported, paid, or delivered as a result of the evasion or failure to perform.
81 Del. Laws, c. 1, § 2.;
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