Del. Code tit. 12 § 1157

Current through 2024 Legislative Session Act Chapter 531
Section 1157 - No private escheat

Any provision in a certificate of incorporation, bylaw, trust agreement, contract, or any other writing regulating the relationships between an owner and a holder, which relates to property that is or may be subject to the provisions of this chapter, with the exception of "non-escheat capital credits" as defined in § 909 of Title 26, and which provides that upon the owner's failure to act or make a claim regarding property in possession of the holder that the property reverts to or becomes the property of the holder is void and unenforceable.

12 Del. C. § 1157

Added by Laws 2017, ch. 1,s 2, eff. 2/2/2017.