Vermont
Title 27 — Property · Chapter 18
97 entries
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§ 1451. Short title This chapter may be cited as the Revised Uniform Unclaimed Property Act. (Added …
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§ 1452. Definitions As used in this chapter: (1) “Administrator” means the Vermont State Treasurer. …
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§ 1453. Inapplicability to foreign transaction This chapter does not apply to property held, due, an…
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§ 1454. Rulemaking The Administrator may adopt rules pursuant to 3 V.S.A. chapter 25, to implement a…
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§ 1461. When property presumed abandoned Subject to section 1469 of this title, the following proper…
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§ 1462. When tax-deferred retirement account presumed abandoned (a) Subject to section 1469 of this …
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§ 1463. When other tax-deferred account presumed abandoned Subject to section 1469 of this title and…
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§ 1464. When custodial account for minor presumed abandoned (a) Subject to section 1469 of this titl…
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§ 1465. When contents of safe-deposit box presumed abandoned Tangible property held in a safe-deposi…
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§ 1466. When stored-value card presumed abandoned (a) Subject to section 1469 of this title, the net…
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§ 1467. When security presumed abandoned (a) Subject to section 1469 of this title, a security is pr…
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§ 1468. When related property presumed abandoned At and after the time property is presumed abandone…
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§ 1469. Indication of apparent owner interest in property (a) The period after which property is pre…
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§ 1470. Knowledge of death of insured or annuitant (a) As used in this section, “Death Master File” …
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§ 1471. Deposit account for proceeds of insurance policy or annuity contract If proceeds payable und…
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§ 1472. Unclaimed life insurance benefits (a) As used in this section: (1) “Contract” means an annui…
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§ 1473. When abandonment period is accelerated Notwithstanding sections 1461 through 1469 of this ti…
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§ 1481. Address of apparent owner to establish priority In this subchapter, the following rules appl…
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§ 1482. Address of apparent owner in this State The Administrator may take custody of property that …
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§ 1483. If records show multiple addresses of apparent owner (a) Except as in subsection (b) of this…
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§ 1484. Holder domiciled in this State (a) Except as in subsection (b) of this section or section 14…
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§ 1485. Custody if transaction took place in this State Except as in section 1482, 1483, or 1484 of …
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§ 1486. Traveler’s check, money order, or similar instrument The Administrator may take custody of s…
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§ 1487. Burden of proof to establish Administrator’s right to custody If the Administrator asserts a…
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§ 1491. Report required by holder (a) A holder of property presumed abandoned and subject to the cus…
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§ 1492. Content of report (a) The report required under section 1491 of this title must: (1) be sign…
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§ 1493. When report to be filed (a) Except as otherwise provided in subsection (b) of this section a…
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§ 1494. Retention of records by holder A holder required to file a report under section 1491 of this…
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§ 1495. Property reportable and payable or deliverable absent owner demand Property is reportable an…
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§ 1496. Electric utility cooperatives (a) Electric utility cooperatives organized under or otherwise…
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§ 1501. Notice to apparent owner by holder (a) Subject to subsection (b) of this section, the holder…
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§ 1502. Contents of notice by holder (a) Notice under section 1501 of this title must contain a head…
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§ 1503. Notice by Administrator (a) The Administrator shall give notice to an apparent owner that pr…
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§ 1504. Cooperation among State officers and agencies to locate apparent owner Unless prohibited by …
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§ 1511. Definition of good faith In this subchapter, payment or delivery of property is made in good…
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§ 1512. Dormancy charge (a) A holder may deduct a dormancy charge from property required to be paid …
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§ 1513. Payment or delivery of property to Administrator (a) Except as otherwise provided in this se…
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§ 1514. Effect of payment or delivery of property to Administrator On payment or delivery of propert…
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§ 1515. Recovery of property by holder from Administrator (a) A holder that under this chapter pays …
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§ 1516. Property removed from safe-deposit box Property removed from a safe-deposit box and delivere…
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§ 1517. Crediting income or gain to owner’s account If property other than money is delivered to the…
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§ 1518. Administrator’s options as to custody (a) The Administrator may decline to take custody of p…
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§ 1519. Disposition of property having no substantial value; immunity from liability (a) If the Admi…
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§ 1520. Periods of limitation and repose (a) Expiration, before, on, or after January 1, 2021, of a …
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§ 1531. Public sale of property (a) Subject to section 1532 of this title, not earlier than three ye…
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§ 1532. Disposal of securities (a) The Administrator may not sell or otherwise liquidate a security …
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§ 1533. Recovery of securities or value by owner (a) If the Administrator sells a security before th…
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§ 1534. Purchaser owns property after sale A purchaser of property at a sale conducted by the Admini…
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§ 1535. Military medal or decoration (a) The Administrator may not sell a medal or decoration awarde…
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§ 1541. Deposit of funds by administrator (a) All funds received under this chapter, including the p…
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§ 1542. Administrator to retain records of property The Administrator shall: (1) record and retain t…
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§ 1543. Expenses and service charges of Administrator Before making a deposit of funds received unde…
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§ 1544. Administrator holds property as custodian for owner Property received by the Administrator u…
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§ 1551. Claim of another state to recover property (a) If the Administrator knows that property held…
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§ 1552. When property subject to recovery by another state (a) Property held under this chapter by t…
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§ 1553. Claim for property by person claiming to be owner (a) A person claiming to be the owner of p…
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§ 1554. When Administrator must honor claim for property (a) The Administrator shall pay or deliver …
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§ 1555. Allowance of claim for property (a) Not later than 30 days after a claim is allowed under su…
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§ 1556. Action by person whose claim is denied Not later than one year after filing a claim under su…
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§ 1557. Deceased owners; multiple claimants (a) If the Administrator holds unclaimed property in the…
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§ 1561. Verified report of property If a person does not file a report required by section 1491 of t…
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§ 1562. Examination of records to determine compliance The Administrator, at reasonable times and on…
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§ 1563. Rules for conducting examination (a) The Administrator shall adopt rules governing procedure…
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§ 1564. Records obtained in examination Records obtained and records, including work papers, compile…
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§ 1565. Evidence of unpaid debt or undischarged obligation (a) A record of a putative holder showing…
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§ 1566. Failure of person examined to retain records If a person subject to examination under sectio…
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§ 1567. Report to person whose records were examined (a) At the conclusion of an examination under s…
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§ 1568. Complaint to Administrator about conduct of person conducting examination (a) If a person su…
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§ 1569. Administrator’s contract with another to conduct examination (a) As used in this section, “r…
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§ 1570. Limit on future employment The Administrator or an individual employed by the Administrator …
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§ 1571. Report by Administrator to General Assembly Not later than January 15 of each year, the Admi…
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§ 1572. Determination of liability for unreported reportable property If the Administrator determine…
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§ 1581. Informal conference (a) Not later than 30 days after receipt of a notice under section 1572 …
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§ 1582. Review of Administrator’s determination A putative holder may seek relief from a determinati…
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§ 1583. Administrative review (a) Not later than 90 days after receiving notice of the Administrator…
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§ 1584. Judicial remedy (a) Not later than 90 days after receiving notice of the Administrator’s det…
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§ 1591. Judicial action to enforce liability (a) If a determination under section 1572 of this title…
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§ 1592. Interstate and international agreement; cooperation (a) Subject to subsection (b) of this se…
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§ 1593. Action involving another state or foreign country (a) The Administrator may join another sta…
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§ 1594. Interest and penalty for failure to act in timely manner (a) A holder that fails to report, …
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§ 1595. Other civil penalties (a) If a holder enters into a contract or other arrangement for the pu…
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§ 1596. Waiver of interest and penalty The Administrator: (1) may waive, in whole or in part, intere…
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§ 1601. When agreement to locate property enforceable An agreement by an apparent owner and another …
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§ 1602. When agreement to locate property void (a) Subject to subsection (b) of this section, an agr…
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§ 1603. Right of agent of apparent owner to recover property held by Administrator (a) An apparent o…
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§ 1604. Asset locators (a) All asset locators seeking to interact with the Administrator on behalf o…
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§ 1611. Definitions; applicability (a) As used in this subchapter, “personal information” means: (1)…
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§ 1612. Confidential information (a) Except as otherwise provided in this chapter, the following are…
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§ 1613. When confidential information may be disclosed (a) When reasonably necessary to enforce or i…
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§ 1614. Confidentiality agreement A person to be examined under section 1562 of this title may requi…
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§ 1615. No confidential information in notice Except as otherwise provided in sections 1501 and 1502…
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§ 1616. Security of information (a) If a holder is required to include confidential information in a…
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§ 1617. Security breach (a) Except to the extent prohibited by law other than this chapter, the Admi…
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§ 1618. Indemnification for breach (a) If a claim is made or action commenced arising out of an even…
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§ 1621. Uniformity of application and construction In applying and construing this uniform chapter, …
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§ 1622. Relation to Electronic Signatures in Global and National Commerce Act This chapter modifies,…
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§ 1623. Transitional provision (a) An initial report filed under this chapter for property that was …