Delaware Code
Subchapter II. Unclaimed Property
§ 1158. Public sale of property.

(a) All property, other than money, delivered to the State Escheator under this chapter shall be sold or disposed of in accordance with this section.
(b) All property, other than money, delivered to the State Escheator under this chapter may be sold or disposed of at public auction to the highest bidder or in such manner and at such times as the State Escheator determines to be in the best interest of the State. The State Escheator may dispose of securities by sale through a registered broker on a recognized securities exchange or over the counter market or, if there is no ready market for such security, by negotiation or public auction.
(c) The State Escheator shall hold the proceeds from a sale of property, other than money, delivered to the State Escheator, less all costs incurred in connection with the sale, in the place of the property and any claimant of the property is entitled only to the money so received, less lawful service charges.
(d) The State Escheator is not liable in any action for any act made in good faith under this section.

Structure Delaware Code

Delaware Code

Title 12 - Decedents' Estates and Fiduciary Relations

Chapter 11. ESCHEATS

Subchapter II. Unclaimed Property

§ 1130. Definitions.

§ 1131. Inapplicability to wholly foreign transaction.

§ 1132. Rule-making.

§ 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.

§ 1137. Knowledge of death.

§ 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.

§ 1143. Content of report.

§ 1144. When report to be filed.

§ 1145. Retention of records by holder [For application of this section, see 83 Del. Laws, c. 346, § 12].

§ 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.

§ 1150. Notice to owner by State Escheator [For application of this section, see 83 Del. Laws, c. 346, § 12].

§ 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.

§ 1157. No private escheat.

§ 1158. Public sale of property.

§ 1159. Disposal of securities [For application of this section, see 83 Del. Laws, c. 346, § 12].

§ 1160. Recovery of securities or value by owner [For application of this section, see 83 Del. Laws, c. 59, § 25; and 83 Del. Laws, c. 346, § 12].

§ 1161. Purchaser owns property after sale.

§ 1162. Military medals.

§ 1163. Deposit and disbursement of funds.

§ 1164. State Escheator to retain records of property.

§ 1165. Claim for property by person claiming to be owner.

§ 1166. When State Escheator must honor claim for property [For application of this section, see 83 Del. Laws, c. 59, § 25; and 83 Del. Laws, c. 346, § 12].

§ 1167. Claims and rights of appeal [For application of this section, see 83 Del. Laws, c. 59, § 25; and 83 Del. Laws, c. 346, §  12].

§ 1168. Payment by State Escheator.

§ 1169. Allowance of claim for property.

§ 1170. Request for report of property; compliance reviews.

§ 1171. Examination to determine compliance with chapter [For application of this section, see 83 Del. Laws, c. 59, § 25].

§ 1172. Rules and procedures for conducting an examination [For application of this section, see 83 Del. Laws, c. 59, § 25].

§ 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.

§ 1177. Report to person whose records were examined [For application of this section, see 83 Del. Laws, c. 59, § 25].

§ 1178. State Escheator's contract with another to conduct compliance review and examination and limit on future employment.

§ 1179. Judicial review procedure; Court of Chancery jurisdiction [For application of this section, see 83 Del. Laws, c. 59, § 25].

§ 1180. Judicial action to enforce liability.

§ 1181. Interstate agreement and cooperation.

§ 1182. Action involving another state.

§ 1183. Interest and penalties.

§ 1184. Other civil penalties.

§ 1185. Waiver of interest and penalty [For application of this section, see 83 Del. Laws, c. 59, § 25].

§ 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.

§ 1189. Confidentiality of records.

§ 1190. Severability.