Virginia § 55.1-2509 Unclaimed demutualization proceeds

Virginia Statutes

§ 55.1-2509 — Unclaimed demutualization proceeds

Virginia § 55.1-2509

JurisdictionVirginia

Title 55.1Property and Conveyances

Subtitle VMiscellaneous

Ch. 25Virginia Disposition Of Unclaimed Property Act

Art. 1Definitions; Property Abandoned or Assumed Abandoned

This text of Virginia § 55.1-2509 (Unclaimed demutualization proceeds) is published on Counsel Stack Legal Research, covering Virginia primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Va. Code Ann. § 55.1-2509 (2026).

Text

Unclaimed property payable or distributable in the course of the demutualization of an insurance company is presumed abandoned five years after the earlier of (i) the date of last contact with the policyholder or (ii) the date the property became payable or distributable. The report filed on November 1, 2003 will include demutualization distribution property for which there has been no policyholder contact for the five years prior to June 30, 2003.

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Unclaimed property payable or distributable in the course of the demutualization of an insurance company is presumed abandoned five years after the earlier of (i) the date of last contact with the policyholder or (ii) the date the property became payable or distributable. The report filed on November 1, 2003 will include demutualization distribution property for which there has been no policyholder contact for the five years prior to June 30, 2003.