Delaware Notice to Public of Finding of Lost Property
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How to fill out Notice To Public Of Finding Of Lost Property?
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FAQ
There is a 90-day response deadline. If the state does not receive a response in 90 days, an unclaimed property audit letter will be issued. State expectations are that the notice not only covers the named company but also potentially any subsidiaries. The review lookback period is 15 years.
The duration of the dormancy period varies depending on the type of property in question, but the vast majority of property types in Delaware have a five year dormancy period.
In both unclaimed property audits and the VDA program, Delaware state law requires a look-back period of 10 report years, plus the five-year dormancy period for most property types, which equates to a 15-year transactional review period.
Receiving stolen property is a class A misdemeanor unless the value of the property received, retained or disposed of is $1,500 or more, or unless the receiver has twice before been convicted of receiving stolen property, in which case it is a class G felony.
See § 1145. The Revised Uniform Unclaimed Property Act (RUUPA) provides a five-year statutory period for all types of property if a holder files a return and a 10-year statute of repose.
How long is the look-back period? The look-back period is 10 report years (or 15 transaction years as Delaware has a 5 year dormancy period for most property types) from the date the Holder enrolls in the VDA.
