{"formats":[{"name":"JSON","format":"json","url":"\/downloads\/2026\/code-json\/55.1-2526.json"},{"name":"Plain Text","format":"text","url":"\/downloads\/2026\/code-text\/55.1-2526.txt"},{"name":"XML","format":"xml","url":"\/downloads\/2026\/code-xml\/55.1-2526.xml"},{"name":"HTML","format":"html","url":"\/downloads\/2026\/code-html\/55.1-2526.html"}],"law_id":369756,"edition_id":2,"section_id":369756,"structure_id":52666,"section_number":"55.1-2526","catch_line":"Holder relieved of liability for property paid or delivered to administrator; payment to owner by holder; proceedings against prior holder; notice to administrator and Attorney General; reimbursement of holder","history":"1960, c. 330, \u00a7 55-210.15; 1964, c. 466; 1984, c. 121; 2019, c. 712.","full_text":"A\n\nUpon the payment or delivery of abandoned property to the administrator, the Commonwealth shall assume custody and shall be responsible for the safekeeping of such property. Any person who pays or delivers abandoned property to the administrator under this chapter is relieved of all liability to the extent of the value of the property so paid or delivered for any claim that then exists or that thereafter may arise or be made in respect to the property. Any holder that has paid moneys to the administrator pursuant to this chapter may make payment to any person appearing to such holder to be entitled thereto, and upon proof of such payment and proof that the payee was entitled thereto, the administrator shall forthwith reimburse the holder for the payment.\n\nB\n\nIn the event that legal proceedings are instituted against a prior holder in a court of the Commonwealth, or in any other state or federal court, by any other state claiming to be entitled to unclaimed funds or abandoned property previously paid or delivered to the administrator, such holder shall give written notice to the administrator and the Attorney General of the Commonwealth of such proceedings (i) within 10 days after service of process or (ii) at least 10 days before the return date on which an answer or similar pleading is required to be filed. The Attorney General may intervene or take such other action as he deems appropriate or necessary to protect the interests of the Commonwealth.\n\nC\n\nIf the notice provided in subsection B is given by the holder and thereafter a judgment is entered against the holder for any amount paid to the administrator pursuant to the terms of this chapter, the administrator shall, upon being furnished with proof thereof, return to the holder the amount of such judgment, not to exceed, however, the amount of the abandoned property paid to the administrator.\n\nD\n\nProperty removed from a safe deposit box or other safekeeping repository that is received by the administrator shall be subject to the holder’s right under this subsection to be reimbursed for the actual cost of the opening and to any valid lien or contract providing for the holder to be reimbursed for unpaid rent or storage charges. The administrator shall make the reimbursement to the holder out of the proceeds remaining after the deduction of the administrator’s selling cost.\n\n","order_by":null,"text":{"0":{"id":1379594,"text":"Upon the payment or delivery of abandoned property to the administrator, the Commonwealth shall assume custody and shall be responsible for the safekeeping of such property. Any person who pays or delivers abandoned property to the administrator under this chapter is relieved of all liability to the extent of the value of the property so paid or delivered for any claim that then exists or that thereafter may arise or be made in respect to the property. Any holder that has paid moneys to the administrator pursuant to this chapter may make payment to any person appearing to such holder to be entitled thereto, and upon proof of such payment and proof that the payee was entitled thereto, the administrator shall forthwith reimburse the holder for the payment.","type":"section","prefixes":["A"],"prefix":"A","entire_prefix":"A","prefix_anchor":"A","level":1,"next_prefix":"B"},"1":{"id":1379595,"text":"In the event that legal proceedings are instituted against a prior holder in a court of the Commonwealth, or in any other state or federal court, by any other state claiming to be entitled to unclaimed funds or abandoned property previously paid or delivered to the administrator, such holder shall give written notice to the administrator and the Attorney General of the Commonwealth of such proceedings (i) within 10 days after service of process or (ii) at least 10 days before the return date on which an answer or similar pleading is required to be filed. The Attorney General may intervene or take such other action as he deems appropriate or necessary to protect the interests of the Commonwealth.","type":"section","prefixes":["B"],"prefix":"B","entire_prefix":"B","prefix_anchor":"B","level":1,"prior_prefix":"A","next_prefix":"C"},"2":{"id":1379596,"text":"If the notice provided in subsection B is given by the holder and thereafter a judgment is entered against the holder for any amount paid to the administrator pursuant to the terms of this chapter, the administrator shall, upon being furnished with proof thereof, return to the holder the amount of such judgment, not to exceed, however, the amount of the abandoned property paid to the administrator.","type":"section","prefixes":["C"],"prefix":"C","entire_prefix":"C","prefix_anchor":"C","level":1,"prior_prefix":"B","next_prefix":"D"},"3":{"id":1379597,"text":"Property removed from a safe deposit box or other safekeeping repository that is received by the administrator shall be subject to the holder’s right under this subsection to be reimbursed for the actual cost of the opening and to any valid lien or contract providing for the holder to be reimbursed for unpaid rent or storage charges. The administrator shall make the reimbursement to the holder out of the proceeds remaining after the deduction of the administrator’s selling cost.","type":"section","prefixes":["D"],"prefix":"D","entire_prefix":"D","prefix_anchor":"D","level":1,"prior_prefix":"C"}},"ancestry":[{"id":52666,"edition_id":2,"name":"Procedural and Administrative Matters","identifier":"3","label":"article","depth":4,"order_by":3,"parent_id":52663,"metadata":{"child_laws":22,"child_structures":0},"date_created":"2026-08-02 03:02:49","date_modified":"2026-08-02 12:35:32","permalink":{"id":1475047,"object_type":"structure","relational_id":52666,"identifier":"3","token":"55.1\/V\/25\/3","url":"\/55.1\/V\/25\/3\/","edition_id":2,"permalink":0,"preferred":1}},{"id":52663,"edition_id":2,"name":"Virginia Disposition Of Unclaimed Property Act","identifier":"25","label":"chapter","depth":3,"order_by":2,"parent_id":52661,"metadata":{"child_laws":46,"child_structures":3},"date_created":"2026-08-02 03:02:46","date_modified":"2026-08-02 12:35:32","permalink":{"id":1474945,"object_type":"structure","relational_id":52663,"identifier":"25","token":"55.1\/V\/25","url":"\/55.1\/V\/25\/","edition_id":2,"permalink":0,"preferred":1}},{"id":52661,"edition_id":2,"name":"Miscellaneous","identifier":"V","label":"subtitle","depth":2,"order_by":5,"parent_id":52600,"metadata":{"child_laws":165,"child_structures":20},"date_created":"2026-08-02 03:02:42","date_modified":"2026-08-02 12:35:31","permalink":{"id":1474773,"object_type":"structure","relational_id":52661,"identifier":"V","token":"55.1\/V","url":"\/55.1\/V\/","edition_id":2,"permalink":0,"preferred":1}},{"id":52600,"edition_id":2,"name":"Property and Conveyances","identifier":"55.1","label":"title","depth":1,"order_by":120,"parent_id":null,"metadata":{"child_laws":875,"child_structures":101},"date_created":"2026-08-02 03:01:36","date_modified":"2026-08-02 12:35:20","permalink":{"id":1471771,"object_type":"structure","relational_id":52600,"identifier":"55.1","token":"55.1","url":"\/55.1\/","edition_id":2,"permalink":0,"preferred":1}}],"structure_contents":[{"id":369754,"structure_id":52666,"section_number":"55.1-2524","catch_line":"Report and remittance to be made by holder of funds or property presumed abandoned; holder to exercise due diligence to locate owner","url":"\/55.1-2524\/","token":"55.1\/V\/25\/3\/55.1-2524","metadata":false},{"id":369755,"structure_id":52666,"section_number":"55.1-2525","catch_line":"Notices to be published by administrator","url":"\/55.1-2525\/","token":"55.1\/V\/25\/3\/55.1-2525","metadata":false},{"id":369756,"structure_id":52666,"section_number":"55.1-2526","catch_line":"Holder relieved of liability for property paid or delivered to administrator; payment to owner by holder; proceedings against prior holder; notice to administrator and Attorney General; reimbursement of holder","url":"\/55.1-2526\/","token":"55.1\/V\/25\/3\/55.1-2526","metadata":false},{"id":369757,"structure_id":52666,"section_number":"55.1-2527","catch_line":"Crediting of dividends, interest, or increments to owner's account","url":"\/55.1-2527\/","token":"55.1\/V\/25\/3\/55.1-2527","metadata":false},{"id":369758,"structure_id":52666,"section_number":"55.1-2528","catch_line":"Periods of limitation","url":"\/55.1-2528\/","token":"55.1\/V\/25\/3\/55.1-2528","metadata":false},{"id":369759,"structure_id":52666,"section_number":"55.1-2529","catch_line":"Sale of abandoned property by administrator","url":"\/55.1-2529\/","token":"55.1\/V\/25\/3\/55.1-2529","metadata":false},{"id":369760,"structure_id":52666,"section_number":"55.1-2530","catch_line":"Securities received in name of owner","url":"\/55.1-2530\/","token":"55.1\/V\/25\/3\/55.1-2530","metadata":false},{"id":369761,"structure_id":52666,"section_number":"55.1-2531","catch_line":"Disposition of funds received under chapter; records to be kept by administrator","url":"\/55.1-2531\/","token":"55.1\/V\/25\/3\/55.1-2531","metadata":false},{"id":369762,"structure_id":52666,"section_number":"55.1-2532","catch_line":"Filing claim to property or proceeds of sale of such property","url":"\/55.1-2532\/","token":"55.1\/V\/25\/3\/55.1-2532","metadata":false},{"id":369763,"structure_id":52666,"section_number":"55.1-2533","catch_line":"Consideration of and hearing on claim by administrator; payment; interest","url":"\/55.1-2533\/","token":"55.1\/V\/25\/3\/55.1-2533","metadata":false},{"id":369764,"structure_id":52666,"section_number":"55.1-2534","catch_line":"Judicial review of decision of administrator","url":"\/55.1-2534\/","token":"55.1\/V\/25\/3\/55.1-2534","metadata":{"court_decisions":{"0":{"name":" .\u202f.\u202f. Frederick County, Virginia v. Virginia Department of the .\u202f.\u202f. ","case_number":"0981234","citation":null,"date":"2024-06-25","url":"https:\/\/www.courtlistener.com\/opinion\/9820572\/frederick-county-virginia-v-virginia-department-of-the-treasury\/","abstract":" .\u202f.\u202f. COURT OF APPEALS OF VIRGINIA .\u202f.\u202f. ","court_html":"COA<\/abbr>"}}}},{"id":369765,"structure_id":52666,"section_number":"55.1-2535","catch_line":"Election of administrator not to receive property or to postpone taking possession of funds","url":"\/55.1-2535\/","token":"55.1\/V\/25\/3\/55.1-2535","metadata":false},{"id":369766,"structure_id":52666,"section_number":"55.1-2536","catch_line":"Requests for verified reports and examinations of records","url":"\/55.1-2536\/","token":"55.1\/V\/25\/3\/55.1-2536","metadata":{"court_decisions":""}},{"id":369767,"structure_id":52666,"section_number":"55.1-2537","catch_line":"Retention of records","url":"\/55.1-2537\/","token":"55.1\/V\/25\/3\/55.1-2537","metadata":{"court_decisions":""}},{"id":369768,"structure_id":52666,"section_number":"55.1-2538","catch_line":"Confidentiality of information and records","url":"\/55.1-2538\/","token":"55.1\/V\/25\/3\/55.1-2538","metadata":false},{"id":369769,"structure_id":52666,"section_number":"55.1-2539","catch_line":"Enforcement of chapter","url":"\/55.1-2539\/","token":"55.1\/V\/25\/3\/55.1-2539","metadata":false},{"id":369770,"structure_id":52666,"section_number":"55.1-2540","catch_line":"Interest and penalties","url":"\/55.1-2540\/","token":"55.1\/V\/25\/3\/55.1-2540","metadata":false},{"id":369771,"structure_id":52666,"section_number":"55.1-2541","catch_line":"Determinations; appeal procedures; regulations of administrator","url":"\/55.1-2541\/","token":"55.1\/V\/25\/3\/55.1-2541","metadata":{"court_decisions":""}},{"id":369772,"structure_id":52666,"section_number":"55.1-2542","catch_line":"Agreements to locate reported property; penalty","url":"\/55.1-2542\/","token":"55.1\/V\/25\/3\/55.1-2542","metadata":false},{"id":369773,"structure_id":52666,"section_number":"55.1-2543","catch_line":"Property presumed abandoned or escheated under laws of another state","url":"\/55.1-2543\/","token":"55.1\/V\/25\/3\/55.1-2543","metadata":false},{"id":369774,"structure_id":52666,"section_number":"55.1-2544","catch_line":"Property held or payable pursuant to Title 51.1","url":"\/55.1-2544\/","token":"55.1\/V\/25\/3\/55.1-2544","metadata":false},{"id":369775,"structure_id":52666,"section_number":"55.1-2545","catch_line":"Construction of chapter","url":"\/55.1-2545\/","token":"55.1\/V\/25\/3\/55.1-2545","metadata":false}],"previous_section":{"id":369755,"structure_id":52666,"section_number":"55.1-2525","catch_line":"Notices to be published by administrator","url":"\/55.1-2525\/","token":"55.1\/V\/25\/3\/55.1-2525","metadata":false},"next_section":{"id":369757,"structure_id":52666,"section_number":"55.1-2527","catch_line":"Crediting of dividends, interest, or increments to owner's account","url":"\/55.1-2527\/","token":"55.1\/V\/25\/3\/55.1-2527","metadata":false},"metadata":false,"official_url":"https:\/\/law.lis.virginia.gov\/vacode\/55.1-2526\/","history_text":"

This law was first created in 1960. The record of its establishment is cataloged in chapter 330 of that year\u2019s edition of \u201cActs of Assembly,\u201d the annual state publication listing all changes made to the Code of Virginia in that year. Unfortunately, the 1960 \u201cActs\u201d aren\u2019t available online. It has been modified 3 times. Those modifications are cataloged by \u201cThe Acts of Assembly,\u201d a state publication, by year and chapter. Those modifications that can be read on the General Assembly\u2019s website will be linked accordingly. Those modifications are as follows: in 1964, chapter 466; in 1984, chapter 121; in 2019, chapter 712<\/a>.<\/p>","references":false,"refers_to":false,"permalink":{"id":1475057,"object_type":"law","relational_id":369756,"identifier":"55.1-2526","token":"55.1\/V\/25\/3\/55.1-2526","url":"\/55.1-2526\/","edition_id":2,"permalink":0,"preferred":1},"url":"\/55.1-2526\/","token":"55.1\/V\/25\/3\/55.1-2526","dublin_core":{"Title":"Holder relieved of liability for property paid or delivered to administrator; payment to owner by holder; proceedings against prior holder; notice to administrator and Attorney General; reimbursement of holder","Type":"Text","Format":"text\/html","Identifier":"\u00a7 55.1-2526","Relation":"Code of Virginia"},"html":"\n\t\t\t\t\t\t

A.<\/span> Upon the payment or delivery of abandoned property to the administrator<\/span>, the Commonwealth shall assume custody<\/span> and shall be responsible for the safekeeping of such property. Any person<\/span> who pays or delivers abandoned property to the administrator<\/span> under this chapter is relieved of all liability to the extent of the value of the property so paid or delivered for any claim that then exists or that thereafter may arise or be made in respect to the property. Any holder<\/span> that has paid moneys to the administrator<\/span> pursuant to this chapter may make payment to any person<\/span> appearing to such holder<\/span> to be entitled thereto, and upon proof of such payment and proof that the payee was entitled thereto, the administrator<\/span> shall forthwith reimburse the holder<\/span> for the payment. <\/i><\/a><\/p><\/section>\n\t\t\t\t\t\t

B.<\/span> In the event that legal proceedings are instituted against a prior holder<\/span> in a court<\/span> of the Commonwealth, or in any other state or federal court<\/span>, by any other state claiming to be entitled to unclaimed funds or abandoned property previously paid or delivered to the administrator<\/span>, such holder<\/span> shall give written notice to the administrator<\/span> and the Attorney General<\/span> of the Commonwealth of such proceedings (i) within 10 days after service of process<\/span> or (ii) at least 10 days before the return date on which an answer or similar pleading is required to be filed. The Attorney General<\/span> may intervene or take such other action as he deems appropriate or necessary to protect the interests of the Commonwealth. <\/i><\/a><\/p><\/section>\n\t\t\t\t\t\t

C.<\/span> If the notice provided in subsection B is given by the holder<\/span> and thereafter a judgment<\/span> is entered against the holder<\/span> for any amount paid to the administrator<\/span> pursuant to the terms of this chapter, the administrator<\/span> shall, upon being furnished with proof thereof, return to the holder<\/span> the amount of such judgment<\/span>, not to exceed, however, the amount of the abandoned property paid to the administrator<\/span>. <\/i><\/a><\/p><\/section>\n\t\t\t\t\t\t

D.<\/span> Property removed from a safe deposit box or other safekeeping repository that is received by the administrator<\/span> shall be subject to the holder<\/span>’s right under this subsection to be reimbursed for the actual cost of the opening and to any valid lien<\/span> or contract<\/span> providing for the holder<\/span> to be reimbursed for unpaid rent or storage charges. The administrator<\/span> shall make the reimbursement to the holder<\/span> out of the proceeds remaining after the deduction of the administrator<\/span>’s selling cost. <\/i><\/a><\/p><\/section>","plain_text":" CODE OF VIRGINIA\n\nHOLDER RELIEVED OF LIABILITY FOR PROPERTY PAID OR DELIVERED TO ADMINISTRATOR;\nPAYMENT TO OWNER BY HOLDER; PROCEEDINGS AGAINST PRIOR HOLDER; NOTICE TO\nADMINISTRATOR AND ATTORNEY GENERAL; REIMBURSEMENT OF HOLDER (\u00a7 55.1-2526)\n\nA. Upon the payment or delivery of abandoned property to the administrator, the\nCommonwealth shall assume custody and shall be responsible for the safekeeping\nof such property. Any person who pays or delivers abandoned property to the\nadministrator under this chapter is relieved of all liability to the extent of\nthe value of the property so paid or delivered for any claim that then exists or\nthat thereafter may arise or be made in respect to the property. Any holder that\nhas paid moneys to the administrator pursuant to this chapter may make payment\nto any person appearing to such holder to be entitled thereto, and upon proof of\nsuch payment and proof that the payee was entitled thereto, the administrator\nshall forthwith reimburse the holder for the payment.\n\nB. In the event that legal proceedings are instituted against a prior holder in\na court of the Commonwealth, or in any other state or federal court, by any\nother state claiming to be entitled to unclaimed funds or abandoned property\npreviously paid or delivered to the administrator, such holder shall give\nwritten notice to the administrator and the Attorney General of the Commonwealth\nof such proceedings (i) within 10 days after service of process or (ii) at least\n10 days before the return date on which an answer or similar pleading is\nrequired to be filed. The Attorney General may intervene or take such other\naction as he deems appropriate or necessary to protect the interests of the\nCommonwealth.\n\nC. If the notice provided in subsection B is given by the holder and thereafter\na judgment is entered against the holder for any amount paid to the\nadministrator pursuant to the terms of this chapter, the administrator shall,\nupon being furnished with proof thereof, return to the holder the amount of such\njudgment, not to exceed, however, the amount of the abandoned property paid to\nthe administrator.\n\nD. Property removed from a safe deposit box or other safekeeping repository that\nis received by the administrator shall be subject to the holder’s right\nunder this subsection to be reimbursed for the actual cost of the opening and to\nany valid lien or contract providing for the holder to be reimbursed for unpaid\nrent or storage charges. The administrator shall make the reimbursement to the\nholder out of the proceeds remaining after the deduction of the\nadministrator’s selling cost.\n\nHISTORY: 1960, c. 330, \u00a7 55-210.15; 1964, c. 466; 1984, c. 121; 2019, c. 712.","edition":{"id":2,"name":"2026","slug":"2026","date_created":"2026-07-16 18:40:23","date_modified":"2026-08-02 15:14:36","current":1,"order_by":2,"last_import":"2026-08-02 12:37:30"}}