CHAPTER 451

FORMERLY HOUSE BILL NO. 906

AN ACT TO AMEND ARTICLE 3 OF SUBCHAPTER II, CHAPTER 11, TITLE 12, DELAWARE CODE, RELATING TO UNCLAIMED OR UNKNOWN OWNER COURT FUNDS.

Be it enacted by the General Assembly of the State of Delaware:

Section 1. Section 1162, Chapter 11, Title 12, Delaware Code, relating to payment of Abandoned Property, is amended by adding a new subsection to be designated subsection (c) to read as follows:

(c) With respect to items of property of a value of less than twenty-five dollars deemed abandoned under Section 1160 of this title, the last known address of any person appearing to be entitled to such property shall be presumed to be within this State. This presumption may be rebutted by filing a claim with the State Escheator pursuant to Section 1146 of this title.

Section 2. Paragraph (1) of Section 1163, Chapter 11, Title 12, Delaware Code, is amended to read as follows:

(1) The names and last known addresses, if any of the persons appearing to be entitled to receive any such abandoned property of the value of twenty-five dollars or more.

Approved June 21, 1972.