{"formats":[{"name":"JSON","format":"json","url":"\/downloads\/2025\/code-json\/55.1-2420.json"},{"name":"Plain Text","format":"text","url":"\/downloads\/2025\/code-text\/55.1-2420.txt"},{"name":"XML","format":"xml","url":"\/downloads\/2025\/code-xml\/55.1-2420.xml"},{"name":"HTML","format":"html","url":"\/downloads\/2025\/code-html\/55.1-2420.html"}],"law_id":81462,"edition_id":1,"section_id":81462,"structure_id":13845,"section_number":"55.1-2420","catch_line":"Form of sale agreement; notice of right to refund","history":"1986, c. 141, \u00a7 55-184.2; 2019, c. 712.","full_text":"A sale agreement for the purchase of escheated property shall include a statement of the purchaser’s right to claim a refund pursuant to \u00a7 55.1-2438 upon submission to the State Treasurer within 120 days of the sale of satisfactory evidence that the escheated property does not exist or was improperly escheated. The following form may be used:\n\t\tSale Agreement of Escheated Property\n\t\tThis agreement of sale made in triplicate this ____ day of ______, 20__, between ________, Escheator (hereinafter known as Seller), and ________ (hereinafter known as Purchaser) and ________ (hereinafter known as Agent).\n\t\tWITNESS\n\t\tThat for and in consideration of the full purchase price of $______ by cash\/check in hand paid, receipt of which is hereby acknowledged, the Seller agrees to sell and the Purchaser agrees to buy all that certain lot or parcel of land with all the appurtenances (if any) thereunto belonging and described as follows:\n\t\t________________\n\t\t________________\n\t\t________________\n\t\tThe Seller agrees to obtain a state grant. It is hereby understood that GRANTS for lots, parcels and acreage sold pursuant to this agreement shall be WITHOUT WARRANTY and in accordance with \u00a7 55.1-2422 of the Code of Virginia. The recovery of proceeds of each sale from the Commonwealth, less the expenses of sale and the escheator’s commission, may be obtained if the Purchaser, pursuant to \u00a7 55.1-2438 of the Code of Virginia, submits satisfactory evidence to the State Treasurer within 120 days of the sale that the escheated property does not exist or was improperly escheated.\n\t\tWITNESS the following signatures and seals made this ______ day of ______, 20__.\n\t\t____________ (SEAL)\n\t\t____________ (SEAL)\n\t\tAgent\n\t\t____________ (SEAL)\n\t\tPurchaser\n\t\t____________ (SEAL)\n\t\tEscheator for\n\t\t____________, Virginia,\n\t\tSeller","order_by":null,"text":{"0":{"id":291869,"text":"A sale agreement for the purchase of escheated property shall include a statement of the purchaser’s right to claim a refund pursuant to \u00a7 55.1-2438 upon submission to the State Treasurer within 120 days of the sale of satisfactory evidence that the escheated property does not exist or was improperly escheated. The following form may be used:\n\t\tSale Agreement of Escheated Property\n\t\tThis agreement of sale made in triplicate this ____ day of ______, 20__, between ________, Escheator (hereinafter known as Seller), and ________ (hereinafter known as Purchaser) and ________ (hereinafter known as Agent).\n\t\tWITNESS\n\t\tThat for and in consideration of the full purchase price of $______ by cash\/check in hand paid, receipt of which is hereby acknowledged, the Seller agrees to sell and the Purchaser agrees to buy all that certain lot or parcel of land with all the appurtenances (if any) thereunto belonging and described as follows:\n\t\t________________\n\t\t________________\n\t\t________________\n\t\tThe Seller agrees to obtain a state grant. It is hereby understood that GRANTS for lots, parcels and acreage sold pursuant to this agreement shall be WITHOUT WARRANTY and in accordance with \u00a7 55.1-2422 of the Code of Virginia. The recovery of proceeds of each sale from the Commonwealth, less the expenses of sale and the escheator’s commission, may be obtained if the Purchaser, pursuant to \u00a7 55.1-2438 of the Code of Virginia, submits satisfactory evidence to the State Treasurer within 120 days of the sale that the escheated property does not exist or was improperly escheated.\n\t\tWITNESS the following signatures and seals made this ______ day of ______, 20__.\n\t\t____________ (SEAL)\n\t\t____________ (SEAL)\n\t\tAgent\n\t\t____________ (SEAL)\n\t\tPurchaser\n\t\t____________ (SEAL)\n\t\tEscheator for\n\t\t____________, Virginia,\n\t\tSeller","type":"section","prefixes":[""],"prefix":"","entire_prefix":"","prefix_anchor":"","level":1}},"ancestry":[{"id":13845,"edition_id":1,"name":"Escheats","identifier":"24","label":"chapter","depth":3,"order_by":1,"parent_id":12708,"metadata":{},"date_created":"2026-06-26 03:46:03","date_modified":"2026-06-26 03:46:03","permalink":{"id":247773,"object_type":"structure","relational_id":13845,"identifier":"24","token":"55.1\/V\/24","url":"\/55.1\/V\/24\/","edition_id":1,"permalink":0,"preferred":1}},{"id":12708,"edition_id":1,"name":"Miscellaneous","identifier":"V","label":"subtitle","depth":2,"order_by":1,"parent_id":12707,"metadata":{},"date_created":"2026-06-26 03:43:49","date_modified":"2026-06-26 03:43:49","permalink":{"id":247771,"object_type":"structure","relational_id":12708,"identifier":"V","token":"55.1\/V","url":"\/55.1\/V\/","edition_id":1,"permalink":0,"preferred":1}},{"id":12707,"edition_id":1,"name":"Property and Conveyances","identifier":"55.1","label":"title","depth":1,"order_by":1,"parent_id":null,"metadata":{},"date_created":"2026-06-26 03:43:49","date_modified":"2026-06-26 03:43:49","permalink":{"id":244769,"object_type":"structure","relational_id":12707,"identifier":"55.1","token":"55.1","url":"\/55.1\/","edition_id":1,"permalink":0,"preferred":1}}],"structure_contents":[{"id":76052,"structure_id":13845,"section_number":"55.1-2400","catch_line":"Definition","url":"\/55.1-2400\/","token":"55.1\/V\/24\/55.1-2400","metadata":false},{"id":56710,"structure_id":13845,"section_number":"55.1-2401","catch_line":"Appointment of escheators","url":"\/55.1-2401\/","token":"55.1\/V\/24\/55.1-2401","metadata":false},{"id":69679,"structure_id":13845,"section_number":"55.1-2402","catch_line":"Bond of escheator","url":"\/55.1-2402\/","token":"55.1\/V\/24\/55.1-2402","metadata":false},{"id":58339,"structure_id":13845,"section_number":"55.1-2403","catch_line":"Increase or reduction of penalty of escheator's bond; effect","url":"\/55.1-2403\/","token":"55.1\/V\/24\/55.1-2403","metadata":false},{"id":77792,"structure_id":13845,"section_number":"55.1-2404","catch_line":"Annual report to escheator; lands not liable","url":"\/55.1-2404\/","token":"55.1\/V\/24\/55.1-2404","metadata":false},{"id":78504,"structure_id":13845,"section_number":"55.1-2405","catch_line":"Escheator to hold inquest; notice of inquest","url":"\/55.1-2405\/","token":"55.1\/V\/24\/55.1-2405","metadata":false},{"id":64508,"structure_id":13845,"section_number":"55.1-2406","catch_line":"Jury of inquest; presentation of evidence","url":"\/55.1-2406\/","token":"55.1\/V\/24\/55.1-2406","metadata":false},{"id":67691,"structure_id":13845,"section_number":"55.1-2407","catch_line":"Attendance of jurors; compensation","url":"\/55.1-2407\/","token":"55.1\/V\/24\/55.1-2407","metadata":false},{"id":80657,"structure_id":13845,"section_number":"55.1-2408","catch_line":"How verdict signed; where returned and recorded","url":"\/55.1-2408\/","token":"55.1\/V\/24\/55.1-2408","metadata":false},{"id":75629,"structure_id":13845,"section_number":"55.1-2409","catch_line":"Proceedings to claim land escheated","url":"\/55.1-2409\/","token":"55.1\/V\/24\/55.1-2409","metadata":false},{"id":67698,"structure_id":13845,"section_number":"55.1-2410","catch_line":"Trial by jury; judgment of court","url":"\/55.1-2410\/","token":"55.1\/V\/24\/55.1-2410","metadata":false},{"id":75755,"structure_id":13845,"section_number":"55.1-2411","catch_line":"Facts or evidence to be certified","url":"\/55.1-2411\/","token":"55.1\/V\/24\/55.1-2411","metadata":false},{"id":69951,"structure_id":13845,"section_number":"55.1-2412","catch_line":"Lands may be committed to claimant while claim pending","url":"\/55.1-2412\/","token":"55.1\/V\/24\/55.1-2412","metadata":false},{"id":64880,"structure_id":13845,"section_number":"55.1-2413","catch_line":"Disposition of lands while claim is pending, if not committed to claimant","url":"\/55.1-2413\/","token":"55.1\/V\/24\/55.1-2413","metadata":false},{"id":79488,"structure_id":13845,"section_number":"55.1-2414","catch_line":"Escheator to notify State Treasurer of claim and decision","url":"\/55.1-2414\/","token":"55.1\/V\/24\/55.1-2414","metadata":false},{"id":83787,"structure_id":13845,"section_number":"55.1-2415","catch_line":"Escheators to certify lands escheated","url":"\/55.1-2415\/","token":"55.1\/V\/24\/55.1-2415","metadata":false},{"id":74839,"structure_id":13845,"section_number":"55.1-2416","catch_line":"Removal of parcels from the certificate","url":"\/55.1-2416\/","token":"55.1\/V\/24\/55.1-2416","metadata":false},{"id":64746,"structure_id":13845,"section_number":"55.1-2417","catch_line":"Escheat of property with hazardous materials","url":"\/55.1-2417\/","token":"55.1\/V\/24\/55.1-2417","metadata":false},{"id":58743,"structure_id":13845,"section_number":"55.1-2418","catch_line":"Publication of escheator's certificate","url":"\/55.1-2418\/","token":"55.1\/V\/24\/55.1-2418","metadata":false},{"id":72864,"structure_id":13845,"section_number":"55.1-2419","catch_line":"Order of sale by Governor","url":"\/55.1-2419\/","token":"55.1\/V\/24\/55.1-2419","metadata":false},{"id":81462,"structure_id":13845,"section_number":"55.1-2420","catch_line":"Form of sale agreement; notice of right to refund","url":"\/55.1-2420\/","token":"55.1\/V\/24\/55.1-2420","metadata":false},{"id":64619,"structure_id":13845,"section_number":"55.1-2421","catch_line":"When grant to issue to purchaser; reimbursable expenses","url":"\/55.1-2421\/","token":"55.1\/V\/24\/55.1-2421","metadata":false},{"id":66352,"structure_id":13845,"section_number":"55.1-2422","catch_line":"Form of grant of escheated property","url":"\/55.1-2422\/","token":"55.1\/V\/24\/55.1-2422","metadata":false},{"id":75826,"structure_id":13845,"section_number":"55.1-2423","catch_line":"Governor to sign and seal grant; Librarian of Virginia to record it; delivery to and by State Treasurer","url":"\/55.1-2423\/","token":"55.1\/V\/24\/55.1-2423","metadata":false},{"id":72994,"structure_id":13845,"section_number":"55.1-2424","catch_line":"Recordation of certified copy of grant","url":"\/55.1-2424\/","token":"55.1\/V\/24\/55.1-2424","metadata":false},{"id":63695,"structure_id":13845,"section_number":"55.1-2425","catch_line":"Resale in case of default","url":"\/55.1-2425\/","token":"55.1\/V\/24\/55.1-2425","metadata":false},{"id":84685,"structure_id":13845,"section_number":"55.1-2426","catch_line":"Reports by escheators to State Treasurer","url":"\/55.1-2426\/","token":"55.1\/V\/24\/55.1-2426","metadata":false},{"id":75386,"structure_id":13845,"section_number":"55.1-2427","catch_line":"Reports by State Treasurer to the Governor; penalty on escheators for failure of duty","url":"\/55.1-2427\/","token":"55.1\/V\/24\/55.1-2427","metadata":false},{"id":81877,"structure_id":13845,"section_number":"55.1-2428","catch_line":"State Treasurer may examine records of any escheator, commissioner of the revenue, or treasurer","url":"\/55.1-2428\/","token":"55.1\/V\/24\/55.1-2428","metadata":false},{"id":66825,"structure_id":13845,"section_number":"55.1-2429","catch_line":"When State Treasurer to issue grant to purchaser","url":"\/55.1-2429\/","token":"55.1\/V\/24\/55.1-2429","metadata":false},{"id":65327,"structure_id":13845,"section_number":"55.1-2430","catch_line":"Escheator's pay","url":"\/55.1-2430\/","token":"55.1\/V\/24\/55.1-2430","metadata":false},{"id":67261,"structure_id":13845,"section_number":"55.1-2431","catch_line":"Escheat of estates in trust and equitable titles","url":"\/55.1-2431\/","token":"55.1\/V\/24\/55.1-2431","metadata":false},{"id":65255,"structure_id":13845,"section_number":"55.1-2432","catch_line":"Provision in favor of tenant of escheated land","url":"\/55.1-2432\/","token":"55.1\/V\/24\/55.1-2432","metadata":false},{"id":70882,"structure_id":13845,"section_number":"55.1-2433","catch_line":"In favor of creditor of decedent","url":"\/55.1-2433\/","token":"55.1\/V\/24\/55.1-2433","metadata":false},{"id":82338,"structure_id":13845,"section_number":"55.1-2434","catch_line":"Escheators to defend on behalf of Commonwealth","url":"\/55.1-2434\/","token":"55.1\/V\/24\/55.1-2434","metadata":false},{"id":82750,"structure_id":13845,"section_number":"55.1-2435","catch_line":"Recovery by escheator of decedent's escheated residue and of property abandoned or derelict; fee","url":"\/55.1-2435\/","token":"55.1\/V\/24\/55.1-2435","metadata":false},{"id":62613,"structure_id":13845,"section_number":"55.1-2436","catch_line":"Publication of action; what to state and require","url":"\/55.1-2436\/","token":"55.1\/V\/24\/55.1-2436","metadata":false},{"id":54863,"structure_id":13845,"section_number":"55.1-2437","catch_line":"Order of the court","url":"\/55.1-2437\/","token":"55.1\/V\/24\/55.1-2437","metadata":false},{"id":56856,"structure_id":13845,"section_number":"55.1-2438","catch_line":"How money paid into state treasury from escheats may be recovered","url":"\/55.1-2438\/","token":"55.1\/V\/24\/55.1-2438","metadata":false},{"id":55519,"structure_id":13845,"section_number":"55.1-2439","catch_line":"Regulations of the State Treasurer","url":"\/55.1-2439\/","token":"55.1\/V\/24\/55.1-2439","metadata":false},{"id":59192,"structure_id":13845,"section_number":"55.1-2440","catch_line":"Continuation of certain statutes","url":"\/55.1-2440\/","token":"55.1\/V\/24\/55.1-2440","metadata":false},{"id":68978,"structure_id":13845,"section_number":"55.1-2441","catch_line":"Pendency of escheat proceedings no bar to condemnation proceedings","url":"\/55.1-2441\/","token":"55.1\/V\/24\/55.1-2441","metadata":false}],"previous_section":{"id":72864,"structure_id":13845,"section_number":"55.1-2419","catch_line":"Order of sale by Governor","url":"\/55.1-2419\/","token":"55.1\/V\/24\/55.1-2419","metadata":false},"next_section":{"id":64619,"structure_id":13845,"section_number":"55.1-2421","catch_line":"When grant to issue to purchaser; reimbursable expenses","url":"\/55.1-2421\/","token":"55.1\/V\/24\/55.1-2421","metadata":false},"metadata":false,"official_url":"https:\/\/law.lis.virginia.gov\/vacode\/55.1-2420\/","history_text":"

This law was first created in 1986. The record of its establishment is cataloged in chapter 141 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 1986 \u201cActs\u201d aren\u2019t available online. It has been modified 1 time. 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. That modification is as follows: in 2019, chapter 712<\/a>.<\/p>","references":false,"refers_to":[{"id":66352,"section_number":"55.1-2422","catch_line":"Form of grant of escheated property","order_by":null,"url":"\/55.1-2422\/"},{"id":56856,"section_number":"55.1-2438","catch_line":"How money paid into state treasury from escheats may be recovered","order_by":null,"url":"\/55.1-2438\/"}],"permalink":{"id":247855,"object_type":"law","relational_id":81462,"identifier":"55.1-2420","token":"55.1\/V\/24\/55.1-2420","url":"\/55.1-2420\/","edition_id":1,"permalink":0,"preferred":1},"url":"\/55.1-2420\/","token":"55.1\/V\/24\/55.1-2420","dublin_core":{"Title":"Form of sale agreement; notice of right to refund","Type":"Text","Format":"text\/html","Identifier":"\u00a7 55.1-2420","Relation":"Code of Virginia"},"html":"\n\t\t\t\t\t\t

A sale agreement for the purchase of escheated property shall include a statement of the purchaser’s right to claim a refund pursuant to \u00a7 55.1-2438<\/a> upon submission to the State Treasurer within 120 days of the sale of satisfactory evidence<\/span> that the escheated property does not exist or was improperly escheated. The following form may be used:\n\t\tSale Agreement of Escheated Property\n\t\tThis agreement of sale made in triplicate this ____ day of ______, 20__, between ________, Escheator (hereinafter known as Seller), and ________ (hereinafter known as Purchaser) and ________ (hereinafter known as Agent).\n\t\tWITNESS<\/span>\n\t\tThat for and in consideration of the full purchase price of $______ by cash\/check in hand paid, receipt of which is hereby acknowledged, the Seller agrees to sell and the Purchaser agrees to buy all that certain lot or parcel of land with all the appurtenances (if any) thereunto belonging and described as follows:\n\t\t________________\n\t\t________________\n\t\t________________\n\t\tThe Seller agrees to obtain a state grant. It is hereby understood that GRANTS for lots, parcels and acreage sold pursuant to this agreement shall be WITHOUT WARRANTY and in accordance with \u00a7 55.1-2422<\/a> of the Code of Virginia. The recovery of proceeds of each sale from the Commonwealth, less the expenses of sale and the escheator’s commission, may be obtained if the Purchaser, pursuant to \u00a7 55.1-2438<\/a> of the Code of Virginia, submits satisfactory evidence<\/span> to the State Treasurer within 120 days of the sale that the escheated property does not exist or was improperly escheated.\n\t\tWITNESS<\/span> the following signatures and seals made this ______ day of ______, 20__.\n\t\t____________ (SEAL)\n\t\t____________ (SEAL)\n\t\tAgent\n\t\t____________ (SEAL)\n\t\tPurchaser\n\t\t____________ (SEAL)\n\t\tEscheator for\n\t\t____________, Virginia,\n\t\tSeller<\/p><\/section>","plain_text":" CODE OF VIRGINIA\n\nFORM OF SALE AGREEMENT; NOTICE OF RIGHT TO REFUND (\u00a7 55.1-2420)\n\nA sale agreement for the purchase of escheated property shall include a\nstatement of the purchaser’s right to claim a refund pursuant to \u00a7\n55.1-2438 upon submission to the State Treasurer within 120 days of the sale of\nsatisfactory evidence that the escheated property does not exist or was\nimproperly escheated. The following form may be used:\n\t\tSale Agreement of Escheated Property\n\t\tThis agreement of sale made in triplicate this ____ day of ______, 20__,\nbetween ________, Escheator (hereinafter known as Seller), and ________\n(hereinafter known as Purchaser) and ________ (hereinafter known as Agent).\n\t\tWITNESS\n\t\tThat for and in consideration of the full purchase price of $______ by\ncash\/check in hand paid, receipt of which is hereby acknowledged, the Seller\nagrees to sell and the Purchaser agrees to buy all that certain lot or parcel of\nland with all the appurtenances (if any) thereunto belonging and described as\nfollows:\n\t\t________________\n\t\t________________\n\t\t________________\n\t\tThe Seller agrees to obtain a state grant. It is hereby understood that GRANTS\nfor lots, parcels and acreage sold pursuant to this agreement shall be WITHOUT\nWARRANTY and in accordance with \u00a7 55.1-2422 of the Code of Virginia. The\nrecovery of proceeds of each sale from the Commonwealth, less the expenses of\nsale and the escheator’s commission, may be obtained if the Purchaser,\npursuant to \u00a7 55.1-2438 of the Code of Virginia, submits satisfactory evidence\nto the State Treasurer within 120 days of the sale that the escheated property\ndoes not exist or was improperly escheated.\n\t\tWITNESS the following signatures and seals made this ______ day of ______,\n20__.\n\t\t____________ (SEAL)\n\t\t____________ (SEAL)\n\t\tAgent\n\t\t____________ (SEAL)\n\t\tPurchaser\n\t\t____________ (SEAL)\n\t\tEscheator for\n\t\t____________, Virginia,\n\t\tSeller\n\nHISTORY: 1986, c. 141, \u00a7 55-184.2; 2019, c. 712.","edition":{"id":1,"name":"2025","slug":"2025","date_created":"2026-06-21 22:39:22","date_modified":"2026-06-21 22:39:22","current":1,"order_by":1,"last_import":null}}