{"formats":[{"name":"JSON","format":"json","url":"\/downloads\/2025\/code-json\/55.1-2544.json"},{"name":"Plain Text","format":"text","url":"\/downloads\/2025\/code-text\/55.1-2544.txt"},{"name":"XML","format":"xml","url":"\/downloads\/2025\/code-xml\/55.1-2544.xml"},{"name":"HTML","format":"html","url":"\/downloads\/2025\/code-html\/55.1-2544.html"}],"law_id":80911,"edition_id":1,"section_id":80911,"structure_id":12710,"section_number":"55.1-2544","catch_line":"Property held or payable pursuant to Title 51.1","history":"1983, c. 308, \u00a7 55-210.28:1; 2019, c. 712; 2024, cc. 267, 353; 2025, c. 440.","full_text":"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 (\u00a7 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 \u00a7 51.1-1209 or the dissolution of a volunteer emergency medical services agency or volunteer fire department shall be presumed abandoned.","order_by":null,"text":{"0":{"id":290029,"text":"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 (\u00a7 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 \u00a7 51.1-1209 or the dissolution of a volunteer emergency medical services agency or volunteer fire department shall be presumed abandoned.","type":"section","prefixes":[""],"prefix":"","entire_prefix":"","prefix_anchor":"","level":1}},"ancestry":[{"id":12710,"edition_id":1,"name":"Procedural and Administrative Matters","identifier":"3","label":"article","depth":4,"order_by":1,"parent_id":12709,"metadata":{},"date_created":"2026-06-26 03:43:49","date_modified":"2026-06-26 03:43:49","permalink":{"id":248045,"object_type":"structure","relational_id":12710,"identifier":"3","token":"55.1\/V\/25\/3","url":"\/55.1\/V\/25\/3\/","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":53937,"structure_id":12710,"section_number":"55.1-2524","catch_line":"Report and remittance to be made by holder of funds or property presumed abandoned; holder to exercise due diligence to locate owner","url":"\/55.1-2524\/","token":"55.1\/V\/25\/3\/55.1-2524","metadata":false},{"id":73610,"structure_id":12710,"section_number":"55.1-2525","catch_line":"Notices to be published by administrator","url":"\/55.1-2525\/","token":"55.1\/V\/25\/3\/55.1-2525","metadata":false},{"id":66200,"structure_id":12710,"section_number":"55.1-2526","catch_line":"Holder relieved of liability for property paid or delivered to administrator; payment to owner by holder; proceedings against prior holder; notice to administrator and Attorney General; reimbursement of holder","url":"\/55.1-2526\/","token":"55.1\/V\/25\/3\/55.1-2526","metadata":false},{"id":63169,"structure_id":12710,"section_number":"55.1-2527","catch_line":"Crediting of dividends, interest, or increments to owner's account","url":"\/55.1-2527\/","token":"55.1\/V\/25\/3\/55.1-2527","metadata":false},{"id":66817,"structure_id":12710,"section_number":"55.1-2528","catch_line":"Periods of limitation","url":"\/55.1-2528\/","token":"55.1\/V\/25\/3\/55.1-2528","metadata":false},{"id":81656,"structure_id":12710,"section_number":"55.1-2529","catch_line":"Sale of abandoned property by administrator","url":"\/55.1-2529\/","token":"55.1\/V\/25\/3\/55.1-2529","metadata":false},{"id":71834,"structure_id":12710,"section_number":"55.1-2530","catch_line":"Securities received in name of owner","url":"\/55.1-2530\/","token":"55.1\/V\/25\/3\/55.1-2530","metadata":false},{"id":55939,"structure_id":12710,"section_number":"55.1-2531","catch_line":"Disposition of funds received under chapter; records to be kept by administrator","url":"\/55.1-2531\/","token":"55.1\/V\/25\/3\/55.1-2531","metadata":false},{"id":60102,"structure_id":12710,"section_number":"55.1-2532","catch_line":"Filing claim to property or proceeds of sale of such property","url":"\/55.1-2532\/","token":"55.1\/V\/25\/3\/55.1-2532","metadata":false},{"id":71685,"structure_id":12710,"section_number":"55.1-2533","catch_line":"Consideration of and hearing on claim by administrator; payment; interest","url":"\/55.1-2533\/","token":"55.1\/V\/25\/3\/55.1-2533","metadata":false},{"id":76385,"structure_id":12710,"section_number":"55.1-2534","catch_line":"Judicial review of decision of administrator","url":"\/55.1-2534\/","token":"55.1\/V\/25\/3\/55.1-2534","metadata":false},{"id":83185,"structure_id":12710,"section_number":"55.1-2535","catch_line":"Election of administrator not to receive property or to postpone taking possession of funds","url":"\/55.1-2535\/","token":"55.1\/V\/25\/3\/55.1-2535","metadata":false},{"id":72223,"structure_id":12710,"section_number":"55.1-2536","catch_line":"Requests for verified reports and examinations of records","url":"\/55.1-2536\/","token":"55.1\/V\/25\/3\/55.1-2536","metadata":false},{"id":65026,"structure_id":12710,"section_number":"55.1-2537","catch_line":"Retention of records","url":"\/55.1-2537\/","token":"55.1\/V\/25\/3\/55.1-2537","metadata":false},{"id":80599,"structure_id":12710,"section_number":"55.1-2538","catch_line":"Confidentiality of information and records","url":"\/55.1-2538\/","token":"55.1\/V\/25\/3\/55.1-2538","metadata":false},{"id":79673,"structure_id":12710,"section_number":"55.1-2539","catch_line":"Enforcement of chapter","url":"\/55.1-2539\/","token":"55.1\/V\/25\/3\/55.1-2539","metadata":false},{"id":55112,"structure_id":12710,"section_number":"55.1-2540","catch_line":"Interest and penalties","url":"\/55.1-2540\/","token":"55.1\/V\/25\/3\/55.1-2540","metadata":false},{"id":81697,"structure_id":12710,"section_number":"55.1-2541","catch_line":"Determinations; appeal procedures; regulations of administrator","url":"\/55.1-2541\/","token":"55.1\/V\/25\/3\/55.1-2541","metadata":false},{"id":62395,"structure_id":12710,"section_number":"55.1-2542","catch_line":"Agreements to locate reported property; penalty","url":"\/55.1-2542\/","token":"55.1\/V\/25\/3\/55.1-2542","metadata":false},{"id":64814,"structure_id":12710,"section_number":"55.1-2543","catch_line":"Property presumed abandoned or escheated under laws of another state","url":"\/55.1-2543\/","token":"55.1\/V\/25\/3\/55.1-2543","metadata":false},{"id":80911,"structure_id":12710,"section_number":"55.1-2544","catch_line":"Property held or payable pursuant to Title 51.1","url":"\/55.1-2544\/","token":"55.1\/V\/25\/3\/55.1-2544","metadata":false},{"id":68580,"structure_id":12710,"section_number":"55.1-2545","catch_line":"Construction of chapter","url":"\/55.1-2545\/","token":"55.1\/V\/25\/3\/55.1-2545","metadata":false}],"previous_section":{"id":64814,"structure_id":12710,"section_number":"55.1-2543","catch_line":"Property presumed abandoned or escheated under laws of another state","url":"\/55.1-2543\/","token":"55.1\/V\/25\/3\/55.1-2543","metadata":false},"next_section":{"id":68580,"structure_id":12710,"section_number":"55.1-2545","catch_line":"Construction of chapter","url":"\/55.1-2545\/","token":"55.1\/V\/25\/3\/55.1-2545","metadata":false},"metadata":false,"official_url":"https:\/\/law.lis.virginia.gov\/vacode\/55.1-2544\/","history_text":"

This law was first created in 1983. The record of its establishment is cataloged in chapter 308 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 1983 \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 2019, chapter 712<\/a>; in 2024, chapters 267<\/a> and 353<\/a>; in 2025, chapter 440<\/a>.<\/p>","references":false,"refers_to":[{"id":68099,"section_number":"51.1-1200","catch_line":"Fund established; administration and management; Volunteer Firefighters' and Rescue Squad Workers' Service Award Fund Board","order_by":null,"url":"\/51.1-1200\/"},{"id":71386,"section_number":"51.1-1209","catch_line":"Effect of member not maintaining eligibility and being six months delinquent in making monthly payments","order_by":null,"url":"\/51.1-1209\/"}],"permalink":{"id":248127,"object_type":"law","relational_id":80911,"identifier":"55.1-2544","token":"55.1\/V\/25\/3\/55.1-2544","url":"\/55.1-2544\/","edition_id":1,"permalink":0,"preferred":1},"url":"\/55.1-2544\/","token":"55.1\/V\/25\/3\/55.1-2544","dublin_core":{"Title":"Property held or payable pursuant to Title 51.1","Type":"Text","Format":"text\/html","Identifier":"\u00a7 55.1-2544","Relation":"Code of Virginia"},"html":"\n\t\t\t\t\t\t

This chapter shall not apply to any defined benefit plan funds or other property, tangible or intangible, held or payable<\/span> pursuant to Title 51.1. Any funds or other property, tangible or intangible, held or payable<\/span> 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<\/span> shall be presumed abandoned. Additionally, any funds or other property, tangible or intangible, held or payable<\/span> to a member of the Volunteer Firefighters’ and Rescue Squad Workers’ Service Award Fund pursuant to Chapter 12 (\u00a7 51.1-1200<\/a> 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 \u00a7 51.1-1209<\/a> or the dissolution of a volunteer emergency medical services agency or volunteer fire department shall be presumed abandoned.<\/p><\/section>","plain_text":" CODE OF VIRGINIA\n\nPROPERTY HELD OR PAYABLE PURSUANT TO TITLE 51.1 (\u00a7 55.1-2544)\n\nThis chapter shall not apply to any defined benefit plan funds or other\nproperty, tangible or intangible, held or payable pursuant to Title 51.1. Any\nfunds or other property, tangible or intangible, held or payable in a defined\ncontribution plan, deferred compensation plan, or cash match plan pursuant to\nTitle 51.1 that have remained unclaimed for more than five years after such\nfunds or other property became payable shall be presumed abandoned.\nAdditionally, any funds or other property, tangible or intangible, held or\npayable to a member of the Volunteer Firefighters’ and Rescue Squad\nWorkers’ Service Award Fund pursuant to Chapter 12 (\u00a7 51.1-1200 et seq.)\nof Title 51.1 that have remained unclaimed for more than five years after the\nforfeiture of such member’s membership in the Volunteer\nFirefighters’ and Rescue Squad Workers’ Service Award Fund in\naccordance with \u00a7 51.1-1209 or the dissolution of a volunteer emergency medical\nservices agency or volunteer fire department shall be presumed abandoned.\n\nHISTORY: 1983, c. 308, \u00a7 55-210.28:1; 2019, c. 712; 2024, cc. 267, 353; 2025,\nc. 440.","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}}