No action shall be brought upon the official obligation of an escheator, against either the principal or sureties, after 7 years from the expiration of the escheator’s term of office.

Code 1852, § 2741; Code 1915, § 4670; Code 1935, § 5128; 10 Del. C. 1953, § 8105; 70 Del. Laws, c. 186, § 1.;