West Virginia § 36-8-17 Election to take payment or delivery

West Virginia Statutes

§ 36-8-17 — Election to take payment or delivery

West Virginia·Ch. 36 ESTATES AND PROPERTY·Art. 8 UNIFORM UNCLAIMED PROPERTY ACT

(a)The administrator may decline to receive property reported under this article which the administrator considers to have a value less than the expenses of notice and sale.

(b)A holder, with the written consent of the administrator and upon conditions and terms prescribed by the administrator, may report and deliver property before the property is presumed abandoned. Property so delivered must be held by the administrator and is not presumed abandoned until it otherwise would be presumed abandoned under this article.

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(a) The administrator may decline to receive property reported under this article which the administrator considers to have a value less than the expenses of notice and sale.

(b) A holder, with the written consent of the administrator and upon conditions and terms prescribed by the administrator, may report and deliver property before the property is presumed abandoned. Property so delivered must be held by the administrator and is not presumed abandoned until it otherwise would be presumed abandoned under this article.

West Virginia § 36-8-17 (Election to take payment or delivery) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.