(a) Except as otherwise provided in subsection (b) of this section or § 1140 of this title, the State Escheator may take custody of property presumed abandoned, whether located in this State, another state, or a foreign country, if the holder is domiciled in this State or is the State or a governmental subdivision, agency, or instrumentality of this State, and any of the following circumstances are met:
(1) Another state is not entitled to the property because there is no last-known address in the records of the holder of the owner or other person entitled to the property.
(2) The state of the last-known address of the owner or other person entitled to the property does not provide for custodial taking of the property.
(3) The last-known address of the owner is in a foreign country.
(b) Property is not subject to custody of the State Escheator under subsection (a) of this section if the property is specifically exempt from custodial taking under the law of this State or the state of the last-known address of the owner.
(c) If the holder’s state of domicile has changed since the time the property was presumed abandoned, the holder’s state of domicile in this section is deemed to be the state where the holder was domiciled at the time the property was presumed abandoned.
81 Del. Laws, c. 1, § 2.
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