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(a) For the purposes of this chapter ?abandoned personal property? shall be deemed to be tangible personal property which the rightful owner has left in the care or custody of another person and has failed to maintain, pay for the storage of, exercise dominion or control over, and has failed to otherwise assert or ...

Owner's claims for abandoned and unclaimed property reported to Delaware are administered by the Delaware Department of Finance Office of Unclaimed Property. Their website can be found here. Owners can search the database which can be found here to identify abandoned and unclaimed property that may be due to them.

Hear this out loud PauseUnclaimed property is reportable after a dormancy period of one to five years, depending on the state and property type. Examples of unclaimed property include uncashed accounts payable and payroll checks, unresolved customer credit balances, abandoned bank accounts, and unused gift cards.

The duration of the dormancy period varies depending on the type of property in question, but the vast majority of property types in Delaware have a five year dormancy period.

See § 1145. The Revised Uniform Unclaimed Property Act (RUUPA) provides a five-year statutory period for all types of property if a holder files a return and a 10-year statute of repose.

At common law, a person who finds abandoned property may claim it. To do so, the finder must take definite steps to show their claim. For example, a finder might claim an abandoned piece of furniture by taking it to their house, or putting a sign on it indicating their ownership.