Delaware Reworks Its Recent Unclaimed Property Overhaul Legislation

Alston & Bird
Contact

On June 29, 2017, Delaware Governor John Carney signed into law Senate Substitute 1 for Senate Bill 79, which revises parts of Senate Bill 13, the major unclaimed property legislation passed earlier this year.

Perhaps most significantly, SS1/SB 79 gives the Secretary of Finance a five-month extension, to December 1, 2017, to publish the required estimation methodology regulations for audits and voluntary disclosure agreements (VDAs). This was in response to the proposed regulations issued in April from the Department of Finance, which did not correspond to those proposed by the Department of State.

Please see full publication below for more information.

LOADING PDF: If there are any problems, click here to download the file.

DISCLAIMER: Because of the generality of this update, the information provided herein may not be applicable in all situations and should not be acted upon without specific legal advice based on particular situations.

© Alston & Bird | Attorney Advertising

Written by:

Alston & Bird
Contact
more
less

PUBLISH YOUR CONTENT ON JD SUPRA NOW

  • Increased visibility
  • Actionable analytics
  • Ongoing guidance

Alston & Bird on:

Reporters on Deadline

"My best business intelligence, in one easy email…"

Your first step to building a free, personalized, morning email brief covering pertinent authors and topics on JD Supra:
*By using the service, you signify your acceptance of JD Supra's Privacy Policy.
Custom Email Digest
- hide
- hide