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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 55.1-2518. Property held by courts |
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All intangible property held for the owner by any state or federal court that has remained unclaimed by the owner for more than one year after it became payable is presumed abandoned. 1983, c. 190, § 55-210.9:1; 1985, c. 294; 2000, cc. 733 , 733 ; 2019, c. 733 . |