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Code of Virginia (Last Updated:July 28, 2020) |
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TITLE 55.1. Property and Conveyances |
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SUBTITLE V. Miscellaneous |
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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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SECTION 55.1-2513. Property of business associations held in course of dissolution |
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All intangible property distributable in the course of a voluntary or involuntary dissolution of a business association that remains unclaimed by the owner for more than one year after the date for specified final distribution is presumed abandoned. 1960, c. 330, § 55-210.7; 1981, c. 47; 1983, c. 190; 2019, c. 712 . |