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Delaware · Through 2026-08-10 (85 Del. Laws, c. 421, 424) · Newer source version available

10 Del. C. § 7307A: Notification to creditors.

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Where this section sits in the code
  1. Title 10. Courts and Judicial Procedure
  2. Special Proceedings
  3. CHAPTER 73A. Uniform Assignment for Benefit of Creditors Act

(a) Unless a creditor waives in a signed record the right to notification, an assignee shall send a notification of the assignment to each creditor known to the assignee, including those holding disputed, contingent, or unliquidated claims, individuals employed by the assignor within 90 days of the assignment, and contract counterparties, within a reasonable time not to exceed 30 days after the effective date of the assignment agreement.

(b) The notification must:

(1) Be in a record signed by the assignee;

(2) Include the assignee’s name, address, and other contact information reasonably necessary to communicate with the assignee;

(3) Provide reasonable instructions for submitting a proof of claim using the method established by the assignee under § 7309A(b)(5) of this title; and

(4) Identify the date established under § 7309A(b)(6) of this title by which each creditor whose claim is not otherwise allowed without a timely proof of claim under this chapter must submit a proof of claim.

(c) An assignee shall use reasonable means to provide the information in subsection (b) of this section to unknown creditors, including by any means the assignor regularly used to:

(1) Provide information to the assignor’s creditors; or

(2) Communicate information about the assignor, other than advertising, to the public.

Collected 2026-09-05T23:02:13Z. Source file · JSON

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