Code of Virginia

Creating a Report: Check the sections you'd like to appear in the report, then use the "Create Report" button at the bottom of the page to generate your report. Once the report is generated you'll then have the option to download it as a pdf, print or email the report.

Chapter 25. Virginia Disposition of Unclaimed Property ActRead Chapter

  • Article 1. Definitions; Property Abandoned or Assumed AbandonedRead all
  • § 55.1-2500
    Definitions
    § 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
    Wages
    § 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 StateRead all
  • § 55.1-2522
    Certain property not presumed abandoned in the Commonwealth
    § 55.1-2523
    Interstate agreements and cooperation
  • Article 3. Procedural and Administrative MattersRead all
  • § 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