(a) A holder required to file a report under § 1142 of this title shall retain records for 10 years after the date the report was filed, unless a shorter period is provided by the State Escheator by rule or regulation.
(b) A holder who has received a notice of an examination under this chapter or has submitted a written election to enter into an unclaimed property voluntary disclosure agreement under § 1173 of this title shall retain, until the conclusion of the examination, voluntary disclosure agreement review process, or any related appeal or litigation, records to the present day for 10 years plus the applicable dormancy period under § 1133 of this title before the earliest of the following:
(1) The State Escheator's delivery of a notice of an examination to a holder under this chapter.
(2) The Secretary of State's delivery of notice that the person may enter into an unclaimed property voluntary disclosure agreement under § 1172(a) of this title.
(3) The holder's written election to enter into an unclaimed property voluntary disclosure agreement under § 1173 of this title.
(c) A holder may satisfy the requirement to retain records under this section through an agent.
(d) The records retained must contain all of the following:
(1) The verifiable information required to be included in the report.
(2) The date, place, and nature of the circumstances that gave rise to the property right.
(3) The amount or value of the property.
(4) The last address of the owner, if known to the holder.
(5) If the holder sells, issues, or provides to others for sale or issue in this State traveler's checks or money orders, a record of the instruments while they remain outstanding indicating the state and date of issue.
(6) Sufficient records of items that were not reported as unclaimed, to allow review to determine whether the holder has complied with this chapter.
Structure Delaware Code
Title 12 - Decedents' Estates and Fiduciary Relations
Subchapter II. Unclaimed Property
§ 1131. Inapplicability to wholly foreign transaction.
§ 1133. When property presumed abandoned.
§ 1134. When contents of safe deposit box presumed abandoned.
§ 1135. When related property interest presumed abandoned.
§ 1136. Indication of owner interest in property.
§ 1138. Retained asset account for insurance policy or annuity contract.
§ 1139. Address of owner to establish priority.
§ 1140. Address of owner in this State.
§ 1141. Holder domiciled in this State.
§ 1142. Report required by holder.
§ 1144. When report to be filed.
§ 1146. When property reportable and payable or deliverable.
§ 1147. Limitation on assignment or transfer of liability.
§ 1148. Notice to owner by holder [For application of this section, see 83 Del. Laws, c. 59, § 25].
§ 1149. Contents of notice by holder.
§ 1151. Cooperation among agencies to determine owner.
§ 1152. Payment or delivery of property to State Escheator.
§ 1153. Effect of payment or delivery of property to State Escheator.
§ 1154. Interest not to run after report of property and limitation on claims.
§ 1155. State Escheator's options as to custody.
§ § 1156. Periods of limitation.
§ 1158. Public sale of property.
§ 1159. Disposal of securities [For application of this section, see 83 Del. Laws, c. 346, § 12].
§ 1161. Purchaser owns property after sale.
§ 1163. Deposit and disbursement of funds.
§ 1164. State Escheator to retain records of property.
§ 1165. Claim for property by person claiming to be owner.
§ 1168. Payment by State Escheator.
§ 1169. Allowance of claim for property.
§ 1170. Request for report of property; compliance reviews.
§ 1173. Voluntary property reporting outreach program.
§ 1174. Records obtained in examination or voluntary disclosure.
§ 1175. Evidence of debt or undischarged obligation.
§ 1176. Failure of person examined to retain records.
§ 1180. Judicial action to enforce liability.
§ 1181. Interstate agreement and cooperation.
§ 1182. Action involving another state.
§ 1183. Interest and penalties.
§ 1184. Other civil penalties.
§ 1186. When agreement to locate property enforceable.
§ 1187. When agreement to locate property unenforceable.
§ 1188. Right of owner's agent to recover property held by State Escheator.