Code of Virginia

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Chapter 25.
Virginia Disposition of Unclaimed Property Act
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  • Article 1.
    Definitions; Property Abandoned or Assumed Abandoned
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  • § 55.1-2500
    § 55.1-2501
    Property presumed abandoned; general rule
    § 55.1-2502
    Taking custody of intangible unclaimed property; general rules
    § 55.1-2503
    Bank deposits and funds in financial organizations
    § 55.1-2504
    Traveler's checks and money orders
    § 55.1-2505
    Checks, drafts, and similar instruments issued or certified by banking and financial organizations
    § 55.1-2506
    Contents of safe deposit box or other safekeeping repository
    § 55.1-2507
    Funds owing under life insurance policies
    § 55.1-2508
    Intangible personal property held by insurance corporation subject to § 55.1-2501
    § 55.1-2509
    Unclaimed demutualization proceeds
    § 55.1-2510
    Deposits held by utilities
    § 55.1-2511
    Intangible interest in business association
    § 55.1-2512
    Refunds held by business associations
    § 55.1-2513
    Property of business associations held in course of dissolution
    § 55.1-2514
    Intangible personal property held in fiduciary capacity
    § 55.1-2515
    Gift certificates and credit balances
    § 55.1-2516
    § 55.1-2517
    Intangible property held for owner by public agency
    § 55.1-2518
    Property held by courts
    § 55.1-2519
    Responsibilities of general receiver and clerk
    § 55.1-2520
    Employee benefit trust distribution
    § 55.1-2521
    Holder of tangible or intangible personal property may voluntarily report such property
  • Article 2.
    Reciprocity for Property Presumed Abandoned or Escheated under Laws of Another State
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  • § 55.1-2522
    Certain property not presumed abandoned in the Commonwealth
    § 55.1-2523
    Interstate agreements and cooperation
  • Article 3.
    Procedural and Administrative Matters
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  • § 55.1-2524
    Report and remittance to be made by holder of funds or property presumed abandoned; holder to exercise due diligence to locate owner
    § 55.1-2525
    Notices to be published by administrator
    § 55.1-2526
    Holder relieved of liability for property paid or delivered to administrator; payment to owner by holder; proceedings against prior holder; notice to administrator and Attorney General; reimbursement of holder
    § 55.1-2527
    Crediting of dividends, interest, or increments to owner's account
    § 55.1-2528
    Periods of limitation
    § 55.1-2529
    Sale of abandoned property by administrator
    § 55.1-2530
    Securities received in name of owner
    § 55.1-2531
    Disposition of funds received under chapter; records to be kept by administrator
    § 55.1-2532
    Filing claim to property or proceeds of sale of such property
    § 55.1-2533
    Consideration of and hearing on claim by administrator; payment; interest
    § 55.1-2534
    Judicial review of decision of administrator
    § 55.1-2535
    Election of administrator not to receive property or to postpone taking possession of funds
    § 55.1-2536
    Requests for verified reports and examinations of records
    § 55.1-2537
    Retention of records
    § 55.1-2538
    Confidentiality of information and records
    § 55.1-2539
    Enforcement of chapter
    § 55.1-2540
    Interest and penalties
    § 55.1-2541
    Determinations; appeal procedures; regulations of administrator
    § 55.1-2542
    Agreements to locate reported property; penalty
    § 55.1-2543
    Property presumed abandoned or escheated under laws of another state
    § 55.1-2544
    Property held or payable pursuant to Title 51.1
    § 55.1-2545
    Construction of chapter