Delaware Secretary of State Jeffrey W. Bullock launched a new website Tuesday designed to make it easier for Delaware-registered companies to come into compliance with their past due unclaimed and abandoned property obligations.
The website is part of Delaware's new unclaimed property voluntary disclosure agreement (VDA) program signed into law by Governor Jack Markell in July. The new website, DelawareVDA.com, describes who is eligible for the program and how Delaware companies can participate.
The new unclaimed property voluntary compliance program is designed so that companies can receive a full release of all past due unclaimed property liability in nine months. Companies who successfully participate in the new VDA program will receive a release of all past due unclaimed property liability for all prior report years. For more information, visit DelawareVDA.com.