(a) A financial institution may not sell a medal or decoration awarded for military service in the armed forces of the United States.

Terms Used In Delaware Code Title 12 Sec. 1162

  • Owner: means a person, or the person's legal representative when acting on behalf of the person, that has a legal, beneficial, or equitable interest in property subject to this chapter. See Delaware Code Title 12 Sec. 1130
  • United States: includes its territories and possessions and the District of Columbia. See Delaware Code Title 1 Sec. 302

(b) A financial institution, with the consent of the respective organization under paragraph (b)(1) of this section, agency under paragraph (b)(2) of this section, or entity under paragraph (b)(3) of this section, may deliver a medal or decoration described in subsection (a) of this section to be held in custody for the owner, to 1 of the following:

(1) A military veterans organization qualified under 26 U.S.C. § 501(c)(19).

(2) The agency that awarded the medal or decoration.

(3) A governmental entity.

81 Del. Laws, c. 1, § 2;