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<law><site_title>Virginia Decoded</site_title><site_url>https://vacode.org</site_url><law_id>369753</law_id><section_number>55.1-2523</section_number><catch_line>Interstate agreements and cooperation</catch_line><edition url="https://vacode.org/2026/" slug="2026" current="TRUE" last_updated="2026-08-02">2026</edition><structure><unit label="title" level="1" order_by="120" identifier="55.1">Property and Conveyances</unit><unit label="subtitle" level="2" order_by="5" identifier="V">Miscellaneous</unit><unit label="chapter" level="3" order_by="2" identifier="25">Virginia Disposition Of Unclaimed Property Act</unit><unit label="article" level="4" order_by="2" identifier="2">Reciprocity for Property Presumed Abandoned or Escheated under Laws of Another State</unit></structure><text>
						<section id="A"><p><span class="prefix-number">A.</span> The <span class="dictionary">administrator</span> may enter into agreements with other states to exchange information needed to enable the Commonwealth or another state to audit or otherwise determine <span class="dictionary">unclaimed property</span> to which the Commonwealth or another state may be entitled subject to a claim of <span class="dictionary">custody</span>. The <span class="dictionary">administrator</span> may by rule require the reporting of information needed to enable compliance with agreements made pursuant to this section and prescribe the form. <a id="paragraph-1379574" class="section-permalink" href="https://vacode.org/55.1-2523/#A"><i class="fa fa-link"/></a></p></section>
						<section id="B"><p><span class="prefix-number">B.</span> To avoid conflicts between the <span class="dictionary">administrator</span>&#x2019;s procedures and the procedures of <span class="dictionary">administrators</span> in other <span class="dictionary">jurisdictions</span> that enact the Uniform <span class="dictionary">Unclaimed Property</span> <span class="dictionary">Act</span>, the <span class="dictionary">administrator</span> shall, so far as is consistent with the purposes, policies, and provisions of this chapter, before adopting, amending, or repealing rules, advise and consult with <span class="dictionary">administrators</span> in other <span class="dictionary">jurisdictions</span> that enact substantially the <span class="dictionary">Act</span> and take into consideration the rules of <span class="dictionary">administrators</span> in other <span class="dictionary">jurisdictions</span> that enact the <span class="dictionary">Act</span>. <a id="paragraph-1379575" class="section-permalink" href="https://vacode.org/55.1-2523/#B"><i class="fa fa-link"/></a></p></section>
						<section id="C"><p><span class="prefix-number">C.</span> The <span class="dictionary">administrator</span> may join with other states to seek enforcement of the <span class="dictionary">Act</span> against any <span class="dictionary">person</span> who is or may be holding property reportable under the <span class="dictionary">Act</span>. At the request of another state, the <span class="dictionary">Attorney General</span> of the Commonwealth may bring an action in the name of the <span class="dictionary">administrator</span> of the other state in any <span class="dictionary">court</span> of competent <span class="dictionary">jurisdiction</span> to enforce the <span class="dictionary">unclaimed property</span> <span class="dictionary">laws</span> of the other state against a <span class="dictionary">holder</span> in the Commonwealth of property subject to escheat or a claim of abandonment by the other state, if the other state has agreed to pay expenses incurred by the <span class="dictionary">Attorney General</span> in bringing the action.
			Similarly, the <span class="dictionary">administrator</span> may request that the <span class="dictionary">Attorney General</span> of another state, or any other <span class="dictionary">person</span>, bring an action in the other state in the name of the <span class="dictionary">administrator</span>. The Commonwealth shall pay all expenses, including attorney fees, in any such action, and such expenses shall not be deducted from the amount that is subject to the claim by the <span class="dictionary">owner</span> under this chapter. <a id="paragraph-1379576" class="section-permalink" href="https://vacode.org/55.1-2523/#C"><i class="fa fa-link"/></a></p></section></text><history>1984, c. 121, &#xA7; 55-210.11:01; 2019, c. 712.</history><metadata></metadata></law>
