Code of Virginia

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Code of Virginia
Title 55.1. Property and Conveyances [Effective October 1, 2019]
4/9/2020

Chapter 25. Virginia Disposition of Unclaimed Property ActRead Chapter

  • Article 1. Definitions; Property Abandoned or Assumed AbandonedRead all
  • § 55.1-2500
    (Effective October 1, 2019) Definitions
    § 55.1-2501
    (Effective October 1, 2019) Property presumed abandoned; general rule
    § 55.1-2502
    (Effective October 1, 2019) Taking custody of intangible unclaimed property; general rules
    § 55.1-2503
    (Effective October 1, 2019) Bank deposits and funds in financial organizations
    § 55.1-2504
    (Effective October 1, 2019) Traveler's checks and money orders
    § 55.1-2505
    (Effective October 1, 2019) Checks, drafts, and similar instruments issued or certified by banking and financial organizations
    § 55.1-2506
    (Effective October 1, 2019) Contents of safe deposit box or other safekeeping repository
    § 55.1-2507
    (Effective October 1, 2019) Funds owing under life insurance policies
    § 55.1-2508
    (Effective October 1, 2019) Intangible personal property held by insurance corporation subject to § 55.1-2501
    § 55.1-2509
    (Effective October 1, 2019) Unclaimed demutualization proceeds
    § 55.1-2510
    (Effective October 1, 2019) Deposits held by utilities
    § 55.1-2511
    (Effective October 1, 2019) Intangible interest in business association
    § 55.1-2512
    (Effective October 1, 2019) Refunds held by business associations
    § 55.1-2513
    (Effective October 1, 2019) Property of business associations held in course of dissolution
    § 55.1-2514
    (Effective October 1, 2019) Intangible personal property held in fiduciary capacity
    § 55.1-2515
    (Effective October 1, 2019) Gift certificates and credit balances
    § 55.1-2516
    (Effective October 1, 2019) Wages
    § 55.1-2517
    (Effective October 1, 2019) Intangible property held for owner by public agency
    § 55.1-2518
    (Effective October 1, 2019) Property held by courts
    § 55.1-2519
    (Effective October 1, 2019) Responsibilities of general receiver and clerk
    § 55.1-2520
    (Effective October 1, 2019) Employee benefit trust distribution
    § 55.1-2521
    (Effective October 1, 2019) 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
    (Effective October 1, 2019) Certain property not presumed abandoned in the Commonwealth
    § 55.1-2523
    (Effective October 1, 2019) Interstate agreements and cooperation
  • Article 3. Procedural and Administrative MattersRead all
  • § 55.1-2524
    (Effective October 1, 2019) 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
    (Effective October 1, 2019) Notices to be published by administrator
    § 55.1-2526
    (Effective October 1, 2019) 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
    (Effective October 1, 2019) Crediting of dividends, interest, or increments to owner's account
    § 55.1-2528
    (Effective October 1, 2019) Periods of limitation
    § 55.1-2529
    (Effective October 1, 2019) Sale of abandoned property by administrator
    § 55.1-2530
    (Effective October 1, 2019) Securities received in name of owner
    § 55.1-2531
    (Effective October 1, 2019) Disposition of funds received under chapter; records to be kept by administrator
    § 55.1-2532
    (Effective October 1, 2019) Filing claim to property or proceeds of sale of such property
    § 55.1-2533
    (Effective October 1, 2019) Consideration of and hearing on claim by administrator; payment; interest
    § 55.1-2534
    (Effective October 1, 2019) Judicial review of decision of administrator
    § 55.1-2535
    (Effective October 1, 2019) Election of administrator not to receive property or to postpone taking possession of funds
    § 55.1-2536
    (Effective October 1, 2019) Requests for verified reports and examinations of records
    § 55.1-2537
    (Effective October 1, 2019) Retention of records
    § 55.1-2538
    (Effective October 1, 2019) Confidentiality of information and records
    § 55.1-2539
    (Effective October 1, 2019) Enforcement of chapter
    § 55.1-2540
    (Effective October 1, 2019) Interest and penalties
    § 55.1-2541
    (Effective October 1, 2019) Determinations; appeal procedures; regulations of administrator
    § 55.1-2542
    (Effective October 1, 2019) Agreements to locate reported property; penalty
    § 55.1-2543
    (Effective October 1, 2019) Property presumed abandoned or escheated under laws of another state
    § 55.1-2544
    (Effective October 1, 2019) Property held or payable pursuant to Title 51.1
    § 55.1-2545
    (Effective October 1, 2019) Construction of chapter