Notorious for its aggressive approach to collecting unclaimed property from companies, the state of Delaware is ramping up a revised approach with mailed notices that should not be misplaced or ignored.
Delaware Secretary of State Jeffrey Bullock is mailing notices to corporations that are incorporated in Delaware inviting them to join the state’s “voluntary disclosure agreement” program to resolve any outstanding unclaimed property issues. Companies are required by law to respond to the invitations within 60 days, or state officials can commence an audit.
