Virginia § 55.1-2522 Certain property not presumed abandoned in the Commonwealth

Virginia Statutes

§ 55.1-2522 — Certain property not presumed abandoned in the Commonwealth

Virginia § 55.1-2522

JurisdictionVirginia

Title 55.1Property and Conveyances

Subtitle VMiscellaneous

Ch. 25Virginia Disposition Of Unclaimed Property Act

Art. 2Reciprocity for Property Presumed Abandoned or Escheated under Laws of Another State

This text of Virginia § 55.1-2522 (Certain property not presumed abandoned in the Commonwealth) 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. § 55.1-2522 (2026).

Text

If specific property that is subject to the provisions of §§ 55.1-2501, 55.1-2503, 55.1-2507, 55.1-2511, 55.1-2513, 55.1-2514, 55.1-2520, and 55.1-2521 is payable to an owner whose last known address is in another state by a holder that is subject to the jurisdiction of that state, the specific property is not presumed abandoned in the Commonwealth and subject to this chapter if:

1.It may be claimed as abandoned or escheated under the laws of such other state; and

2.The laws of such other state make reciprocal provision that similar specific property is not presumed abandoned or escheatable by such other state when payable to an owner whose last known address is within the Commonwealth by a holder that is subject to the jurisdiction of the Commonwealth.

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If specific property that is subject to the provisions of §§ 55.1-2501, 55.1-2503, 55.1-2507, 55.1-2511, 55.1-2513, 55.1-2514, 55.1-2520, and 55.1-2521 is payable to an owner whose last known address is in another state by a holder that is subject to the jurisdiction of that state, the specific property is not presumed abandoned in the Commonwealth and subject to this chapter if:

1. It may be claimed as abandoned or escheated under the laws of such other state; and

2. The laws of such other state make reciprocal provision that similar specific property is not presumed abandoned or escheatable by such other state when payable to an owner whose last known address is within the Commonwealth by a holder that is subject to the jurisdiction of the Commonwealth.