§ 55.1-2544 Property held or payable pursuant to Title 51.1
This chapter shall not apply to any defined benefit plan funds or other property, tangible or intangible, held or payable pursuant to Title 51.1. Any funds or other property, tangible or intangible, held or payable in a defined contribution plan, deferred compensation plan, or cash match plan pursuant to Title 51.1 that have remained unclaimed for more than five years after such funds or other property became payable shall be presumed abandoned. Additionally, any funds or other property, tangible or intangible, held or payable to a member of the Volunteer Firefighters’ and Rescue Squad Workers’ Service Award Fund pursuant to Chapter 12 (§ 51.1-1200 et seq.) of Title 51.1 that have remained unclaimed for more than five years after the forfeiture of such member’s membership in the Volunteer Firefighters’ and Rescue Squad Workers’ Service Award Fund in accordance with § 51.1-1209 or the dissolution of a volunteer emergency medical services agency or volunteer fire department shall be presumed abandoned.
History
This law was first created in 1983. The record of its establishment is cataloged in chapter 308 of that year’s edition of “Acts of Assembly,” the annual state publication listing all changes made to the Code of Virginia in that year. Unfortunately, the 1983 “Acts” aren’t available online. It has been modified 3 times. Those modifications are cataloged by “The Acts of Assembly,” a state publication, by year and chapter. Those modifications that can be read on the General Assembly’s website will be linked accordingly. Those modifications are as follows: in 2019, chapter 712; in 2024, chapters 267 and 353; in 2025, chapter 440.
1983, c. 308, § 55-210.28:1; 2019, c. 712; 2024, cc. 267, 353; 2025, c. 440.