PocketLaw | Vermont Statutes | Unclaimed Property

Unclaimed Property

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Definitions

Presumptions of abandonment

Contents of safe deposit box or other safekeeping depository

Unclaimed demutualization proceeds

Unclaimed life insurance benefits

Rules for taking custody

Burden of proof as to property evidenced by record of check or draft

Report of unclaimed property

Payment or delivery of unclaimed property

Electric utility cooperatives

Notice and publication of lists of unclaimed property

Custody by state; recovery by holder; relief of holder from liability

Income accruing after payment or delivery

Public sale of unclaimed property

Deposit of funds; information concerning owner

Claim of another state to recover property

Filing claim with treasurer; handling of claims by treasurer

Appeal

Election to take payment or delivery

Destruction or disposition of property having no substantial commercial value; immunity from liability

Periods of limitation

Requests for reports and examination of records

Retention of records

Enforcement

Interstate agreements and cooperation; joint and reciprocal actions with other states

Interest and penalties

Agreement to locate property; asset locators

Foreign transactions

Rules

Uniformity of application and construction

Severability clause

Deceased owners; multiple claimants