2019 Delaware Code
Title 12 - Decedents' Estates and Fiduciary Relations
Chapter 11. Escheats
Subchapter II Unclaimed Property
§ 1143 Content of report.
(a) The report required under § 1142 of this title must do all of the following:
(1) Be signed by or on behalf of the holder and verified as to its completeness and accuracy.
(2) Describe the property.
(3) Except for a traveler’s check or money order, contain the following information about the owner of the property:
the name, if known; the last-known address, if known; and the Social Security number or taxpayer identification number, if known or readily ascertainable.(4) For an amount held or owing under a life or endowment insurance policy or annuity contract, contain the full name and last-known address of the insured, annuitant, or other owner of the policy or contract and of the beneficiary.
(5) Contain the commencement date for determining abandonment under § 1133 of this title.
(6) State that the holder has complied with the notice requirements of § 1148 of this title.
(7) Identify property that is a nonfreely transferable security, and explain why it is a nonfreely transferable security.
(8) Identify a designated individual employed by the holder who will serve as the contact for all correspondence with the State related to the reporting and remittance of unclaimed property under this chapter and contain the designated individual’s mailing address, telephone number, email address, and title. The holder must notify the State of any change of the designated individual or any information provided about the designated individual.
(9) Contain other information which the State Escheator may prescribe.
(b) A report under § 1142 of this title may include personal information about the owner or the owner’s property to the extent such information is not otherwise prohibited by federal law. Any personal information, and disclosure of such information, must be treated in accordance with § 1189 of this title.
(c) If a holder has changed the holder’s name while holding property presumed abandoned or is a successor to another holder that previously held the property for the owner, the holder shall include in the report under § 1142 of this title the holder’s former name or the name of the previous holder, if any, and the known name and address of each previous holder of the property.
(d) No reporting shall be required solely by virtue of holding property constituting consideration paid for unredeemed gift cards which, in the aggregate, for the reporting period have a face value of less than $5,000 or for gift cards having a face value of $5.00 or under issued by a holder whose business is described in § 2906 of Title 30, whether or not such firm conducts business in this State.
81 Del. Laws, c. 1, § 2.
