RELATING TO BOND SERVICING PROCEDURE
AN ACT TO AMEND CHAPTER 27, TITLE 29, DELAWARE CODE, RELATING TO STATE TREASURER BY PROVIDING CHANGES IN THE BOND SERVICING PROCEDURE.
Be it enacted by the General Assembly of the State of Delaware:
Section 1. § 2711, Title 29, Delaware Code, is amended to read as follows:
The State Treasurer shall maintain reconciliation statements on all state bonds and coupons. Said reconciliation statements shall balance with bank statements on bond and coupon accounts. Any paid off, matured, redeemed, called or cancelled bonds and coupons shall be held by the State Treasurer until a sufficient quantity has been collected by the office to be cancelled and destroyed according to the provisions of this chapter.
Approved June 23, 1955.