Delaware Code Title 12 Sec. 1112 – Proceeds of sale
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The Escheator shall pay over the proceeds received from the sale or disposition of all escheated intestate property, real or personal, to the State Treasurer for deposit in the General Fund.
Terms Used In Delaware Code Title 12 Sec. 1112
- General Fund: means the General Fund described in § 6102 of Title 29. See Delaware Code Title 12 Sec. 1130
- Intestate: Dying without leaving a will.
- Property: means tangible property described in § 1134 of this title or a fixed and certain interest in intangible property held, issued, or owed in the course of a holder's business or by a government, governmental subdivision, agency, or instrumentality. See Delaware Code Title 12 Sec. 1130
- State: means a state of the United States, the District of Columbia, the Commonwealth of Puerto Rico, the United States Virgin Islands, or any territory or insular possession subject to the jurisdiction of the United States. See Delaware Code Title 12 Sec. 1130