Delaware Enacts Unclaimed Property Law Changes

Tax Notes: Delaware Enacts Unclaimed Property Law Changes

July 08, 2021

United States
United States
United States

Eversheds Sutherland Partner Wilson Barmeyer is quoted in this Tax Notes article on Delaware's new bills making virtual currency subject to the state's unclaimed property law. 

Wilson commented that “it is no secret that states are eager to bring stale cryptocurrency accounts into their unclaimed property regimes, and this bill makes that explicit in Delaware.” But he said the bill's provision requiring liquidation of cryptocurrency before sending the value to the state as abandoned property is concerning.

“Instead of requiring liquidation, Delaware could have set up its own process for receiving cryptocurrency without liquidation, as some other states are doing,” Barmeyersaid.

The materials on the Eversheds Sutherland website are for general information purposes only and do not constitute legal advice. While reasonable care is taken to ensure accuracy, the materials may not reflect the most current legal developments. Eversheds Sutherland disclaims liability for actions taken based on the materials. Always consult a qualified lawyer for specific legal matters. To view the full disclaimer, see our Terms and Conditions or Disclaimer section in the footer. Eversheds Sutherland is a provider of legal and other services operating through various separate and distinct legal entities. For further information about these entities and Eversheds Sutherlands' structure please see the Legal Notice page of this website.

Services

Key contacts

wilsonbarmeyer@eversheds-sutherland.com

Wilson G. Barmeyer

Partner

Washington, DC, United States

Latest Insights

  • legal updates
  • legal updates
  • legal updates
  • legal updates

Latest News

  • firm news
  • client news
  • client news
  • firm news

Latest Events

Empty conference room with a city skyline view

legal updates

September 03, 2026

Modern glass building with unique exterior design

legal updates

September 02, 2026

Electricity transmission tower with power lines against blue skies and trees

legal updates

September 01, 2026

Geometric glass roof modern architectural detail

legal updates

August 26, 2026

© Eversheds Sutherland 2026 All rights reserved. Eversheds Sutherland is a provider of legal and other services operating through various separate and distinct legal entities. For further information about these entities and Eversheds Sutherlands' structure please see the Legal Notice page of this website.

Eversheds Sutherland is the name and brand under which the members of Eversheds Sutherland Limited (Eversheds Sutherland (International) LLP and Eversheds Sutherland (US) LLP) and their respective controlled, managed and affiliated firms and the members of Eversheds Sutherland (Europe) Limited (each an "Eversheds Sutherland Entity" and together the "Eversheds Sutherland Entities") provide legal or other services to clients around the world. Eversheds Sutherland Entities are constituted and regulated in accordance with relevant local regulatory and legal requirements and operate in accordance with their locally registered names. The use of the name Eversheds Sutherland, is for description purposes only and does not imply that the Eversheds Sutherland Entities are in a partnership or are part of a global LLP. The responsibility for the provision of services to the client is defined in the terms of engagement between the instructed firm and the client. For further information about these Eversheds Sutherland Entities and Eversheds Sutherlands’ structure please see the Legal Notices page of this website.