Virginia § 55.1-2512 Refunds held by business associations

Virginia Statutes

§ 55.1-2512 — Refunds held by business associations

Virginia § 55.1-2512

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 § 55.1-2512 (Refunds held by business associations) 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. § 55.1-2512 (2026).

Text

Except to the extent otherwise ordered by a court or administrative agency of competent jurisdiction, any sum that a business association has been ordered to refund by a court or administrative agency that has remained unclaimed by the owner for more than one year after it became payable in accordance with the final determination or order providing for the refund, regardless of whether the final determination or order requires any person entitled to a refund to make a claim for it, is presumed abandoned.

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Except to the extent otherwise ordered by a court or administrative agency of competent jurisdiction, any sum that a business association has been ordered to refund by a court or administrative agency that has remained unclaimed by the owner for more than one year after it became payable in accordance with the final determination or order providing for the refund, regardless of whether the final determination or order requires any person entitled to a refund to make a claim for it, is presumed abandoned.