A Senate panel is set to consider Wednesday a bill to overhaul Delaware’s system for collecting unclaimed property, a significant source of state revenue that has recently come under attack.
The bill, SB 13, was introduced Jan. 11 in the wake of a blistering assessment last year of the state’s treatment of unclaimed property, in which U.S. District Judge Gregory M. Sleet of the District of Delaware blasted the statutory scheme as a “game of ‘gotcha’ that shocks the conscience.”
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