{"formats":[{"name":"JSON","format":"json","url":"\/downloads\/2025\/code-json\/55.1-2522.json"},{"name":"Plain Text","format":"text","url":"\/downloads\/2025\/code-text\/55.1-2522.txt"},{"name":"XML","format":"xml","url":"\/downloads\/2025\/code-xml\/55.1-2522.xml"},{"name":"HTML","format":"html","url":"\/downloads\/2025\/code-html\/55.1-2522.html"}],"law_id":84632,"edition_id":1,"section_id":84632,"structure_id":16610,"section_number":"55.1-2522","catch_line":"Certain property not presumed abandoned in the Commonwealth","history":"1960, c. 330, \u00a7 55-210.11; 1981, c. 47; 2000, cc. 733, 745; 2019, c. 712.","full_text":"If specific property that is subject to the provisions of \u00a7\u00a7 55.1-2501, 55.1-2503, 55.1-2507, 55.1-2511, 55.1-2513, 55.1-2514, 55.1-2520, and 55.1-2521 is payable to an owner whose last known address is in another state by a holder that is subject to the jurisdiction of that state, the specific property is not presumed abandoned in the Commonwealth and subject to this chapter if:\n\n1\n\nIt may be claimed as abandoned or escheated under the laws of such other state; and2\n\nThe laws of such other state make reciprocal provision that similar specific property is not presumed abandoned or escheatable by such other state when payable to an owner whose last known address is within the Commonwealth by a holder that is subject to the jurisdiction of the Commonwealth.","order_by":null,"text":{"0":{"id":303366,"text":"If specific property that is subject to the provisions of \u00a7\u00a7 55.1-2501, 55.1-2503, 55.1-2507, 55.1-2511, 55.1-2513, 55.1-2514, 55.1-2520, and 55.1-2521 is payable to an owner whose last known address is in another state by a holder that is subject to the jurisdiction of that state, the specific property is not presumed abandoned in the Commonwealth and subject to this chapter if:","type":"section","prefixes":[""],"prefix":"","entire_prefix":"","prefix_anchor":"","level":1,"next_prefix":"1"},"1":{"id":303367,"text":"It may be claimed as abandoned or escheated under the laws of such other state; and","type":"section","prefixes":["1"],"prefix":"1","entire_prefix":"1","prefix_anchor":"1","level":1,"prior_prefix":"","next_prefix":"2"},"2":{"id":303368,"text":"The laws of such other state make reciprocal provision that similar specific property is not presumed abandoned or escheatable by such other state when payable to an owner whose last known address is within the Commonwealth by a holder that is subject to the jurisdiction of the Commonwealth.","type":"section","prefixes":["2"],"prefix":"2","entire_prefix":"2","prefix_anchor":"2","level":1,"prior_prefix":"1"}},"ancestry":[{"id":16610,"edition_id":1,"name":"Reciprocity for Property Presumed Abandoned or Escheated under Laws of Another State","identifier":"2","label":"article","depth":4,"order_by":1,"parent_id":12709,"metadata":{},"date_created":"2026-06-26 04:27:25","date_modified":"2026-06-26 04:27:25","permalink":{"id":248035,"object_type":"structure","relational_id":16610,"identifier":"2","token":"55.1\/V\/25\/2","url":"\/55.1\/V\/25\/2\/","edition_id":1,"permalink":0,"preferred":1}},{"id":12709,"edition_id":1,"name":"Virginia Disposition Of Unclaimed Property Act","identifier":"25","label":"chapter","depth":3,"order_by":1,"parent_id":12708,"metadata":{},"date_created":"2026-06-26 03:43:49","date_modified":"2026-06-26 03:43:49","permalink":{"id":247943,"object_type":"structure","relational_id":12709,"identifier":"25","token":"55.1\/V\/25","url":"\/55.1\/V\/25\/","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":84632,"structure_id":16610,"section_number":"55.1-2522","catch_line":"Certain property not presumed abandoned in the Commonwealth","url":"\/55.1-2522\/","token":"55.1\/V\/25\/2\/55.1-2522","metadata":false},{"id":72625,"structure_id":16610,"section_number":"55.1-2523","catch_line":"Interstate agreements and cooperation","url":"\/55.1-2523\/","token":"55.1\/V\/25\/2\/55.1-2523","metadata":false}],"next_section":{"id":72625,"structure_id":16610,"section_number":"55.1-2523","catch_line":"Interstate agreements and cooperation","url":"\/55.1-2523\/","token":"55.1\/V\/25\/2\/55.1-2523","metadata":false},"metadata":false,"official_url":"https:\/\/law.lis.virginia.gov\/vacode\/55.1-2522\/","history_text":"

This law was first created in 1960. The record of its establishment is cataloged in chapter 330 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 1960 \u201cActs\u201d aren\u2019t available online. It has been modified 3 times. 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. Those modifications are as follows: in 1981, chapter 47; in 2000, chapters 733<\/a> and 745<\/a>; in 2019, chapter 712<\/a>.<\/p>","references":false,"refers_to":[{"id":73294,"section_number":"55.1-2501","catch_line":"Property presumed abandoned; general rule","order_by":null,"url":"\/55.1-2501\/"},{"id":77387,"section_number":"55.1-2503","catch_line":"Bank deposits and funds in financial organizations","order_by":null,"url":"\/55.1-2503\/"},{"id":78230,"section_number":"55.1-2507","catch_line":"Funds owing under life insurance policies","order_by":null,"url":"\/55.1-2507\/"},{"id":65661,"section_number":"55.1-2511","catch_line":"Intangible interest in business association","order_by":null,"url":"\/55.1-2511\/"},{"id":56945,"section_number":"55.1-2513","catch_line":"Property of business associations held in course of dissolution","order_by":null,"url":"\/55.1-2513\/"},{"id":83377,"section_number":"55.1-2514","catch_line":"Intangible personal property held in fiduciary capacity","order_by":null,"url":"\/55.1-2514\/"},{"id":55072,"section_number":"55.1-2520","catch_line":"Employee benefit trust distribution","order_by":null,"url":"\/55.1-2520\/"},{"id":75309,"section_number":"55.1-2521","catch_line":"Holder of tangible or intangible personal property may voluntarily report such property","order_by":null,"url":"\/55.1-2521\/"}],"permalink":{"id":248037,"object_type":"law","relational_id":84632,"identifier":"55.1-2522","token":"55.1\/V\/25\/2\/55.1-2522","url":"\/55.1-2522\/","edition_id":1,"permalink":0,"preferred":1},"url":"\/55.1-2522\/","token":"55.1\/V\/25\/2\/55.1-2522","dublin_core":{"Title":"Certain property not presumed abandoned in the Commonwealth","Type":"Text","Format":"text\/html","Identifier":"\u00a7 55.1-2522","Relation":"Code of Virginia"},"html":"\n\t\t\t\t\t\t

If specific property that is subject to the provisions of \u00a7\u00a7 55.1-2501<\/a>, 55.1-2503<\/a>, 55.1-2507<\/a>, 55.1-2511<\/a>, 55.1-2513<\/a>, 55.1-2514<\/a>, 55.1-2520<\/a>, and 55.1-2521<\/a> is payable<\/span> to an owner<\/span> whose last known address<\/span> is in another state by a holder<\/span> that is subject to the jurisdiction<\/span> of that state, the specific property is not presumed abandoned in the Commonwealth and subject to this chapter if:<\/p><\/section>\n\t\t\t\t\t\t

1.<\/span> It may be claimed as abandoned or escheated under the laws<\/span> of such other state; and <\/i><\/a><\/p><\/section>\n\t\t\t\t\t\t

2.<\/span> The laws<\/span> of such other state make reciprocal provision that similar specific property is not presumed abandoned or escheatable by such other state when payable<\/span> to an owner<\/span> whose last known address<\/span> is within the Commonwealth by a holder<\/span> that is subject to the jurisdiction<\/span> of the Commonwealth. <\/i><\/a><\/p><\/section>","plain_text":" CODE OF VIRGINIA\n\nCERTAIN PROPERTY NOT PRESUMED ABANDONED IN THE COMMONWEALTH (\u00a7 55.1-2522)\n\nIf specific property that is subject to the provisions of \u00a7\u00a7 55.1-2501,\n55.1-2503, 55.1-2507, 55.1-2511, 55.1-2513, 55.1-2514, 55.1-2520, and 55.1-2521\nis payable to an owner whose last known address is in another state by a holder\nthat is subject to the jurisdiction of that state, the specific property is not\npresumed abandoned in the Commonwealth and subject to this chapter if:\n\n1. It may be claimed as abandoned or escheated under the laws of such other\nstate; and\n\n2. The laws of such other state make reciprocal provision that similar specific\nproperty is not presumed abandoned or escheatable by such other state when\npayable to an owner whose last known address is within the Commonwealth by a\nholder that is subject to the jurisdiction of the Commonwealth.\n\nHISTORY: 1960, c. 330, \u00a7 55-210.11; 1981, c. 47; 2000, cc. 733, 745; 2019, c.\n712.","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}}