{"formats":[{"name":"JSON","format":"json","url":"\/downloads\/2025\/code-json\/6.2-920.json"},{"name":"Plain Text","format":"text","url":"\/downloads\/2025\/code-text\/6.2-920.txt"},{"name":"XML","format":"xml","url":"\/downloads\/2025\/code-xml\/6.2-920.xml"},{"name":"HTML","format":"html","url":"\/downloads\/2025\/code-html\/6.2-920.html"}],"law_id":82233,"edition_id":1,"section_id":82233,"structure_id":14866,"section_number":"6.2-920","catch_line":"Proceedings to bar certain claims against banks in liquidation","history":"Code 1950, \u00a7 6-58; 1966, c. 584, \u00a7 6.1-106; 2010, c. 794.","full_text":"If, in a suit having as its object the administration or liquidation of the assets of an insolvent bank or trust company operating in the Commonwealth, the court orders the payment to creditors of dividends on, or other payments of, claims as therein ascertained and established, and (i) the receiver or other person charged with making the ordered payment to creditors is unable to make the payment by reason of his inability to ascertain the address of any creditor, the failure of any creditor to apply to such disbursing official for payment when so directed by the order of the court, or any other similar reason; or (ii) a trustee engaged in the voluntary liquidation of the assets of an insolvent bank or trust company operating in the Commonwealth, by petition to an appropriate court in the locality wherein the principal office of the insolvent bank or trust company is located, alleges and shows to the satisfaction of the court his inability to make payment to creditors for any of the reasons specified in clause (i), the court, in its discretion, may enter an order directing its receiver or other person charged with the duty of making such payment, or the trustee, to publish at least twice in a newspaper having a general circulation in the locality where the suit or petition is pending a list of creditors to whom dividends or payments are due and unpaid and the amount thereof. The publication shall include a notice that any creditor therein named who fails to apply to the disbursing official for payment of the amount due him within six months from the date of the last publication of such notice will be barred from his right thereafter to receive payment of amounts then due and from participation in any future dividends or payments that may thereafter be ordered.","order_by":null,"text":{"0":{"id":294682,"text":"If, in a suit having as its object the administration or liquidation of the assets of an insolvent bank or trust company operating in the Commonwealth, the court orders the payment to creditors of dividends on, or other payments of, claims as therein ascertained and established, and (i) the receiver or other person charged with making the ordered payment to creditors is unable to make the payment by reason of his inability to ascertain the address of any creditor, the failure of any creditor to apply to such disbursing official for payment when so directed by the order of the court, or any other similar reason; or (ii) a trustee engaged in the voluntary liquidation of the assets of an insolvent bank or trust company operating in the Commonwealth, by petition to an appropriate court in the locality wherein the principal office of the insolvent bank or trust company is located, alleges and shows to the satisfaction of the court his inability to make payment to creditors for any of the reasons specified in clause (i), the court, in its discretion, may enter an order directing its receiver or other person charged with the duty of making such payment, or the trustee, to publish at least twice in a newspaper having a general circulation in the locality where the suit or petition is pending a list of creditors to whom dividends or payments are due and unpaid and the amount thereof. The publication shall include a notice that any creditor therein named who fails to apply to the disbursing official for payment of the amount due him within six months from the date of the last publication of such notice will be barred from his right thereafter to receive payment of amounts then due and from participation in any future dividends or payments that may thereafter be ordered.","type":"section","prefixes":[""],"prefix":"","entire_prefix":"","prefix_anchor":"","level":1}},"ancestry":[{"id":14866,"edition_id":1,"name":"Receiverships","identifier":"13","label":"article","depth":4,"order_by":1,"parent_id":13791,"metadata":{},"date_created":"2026-06-26 03:50:29","date_modified":"2026-06-26 03:50:29","permalink":{"id":265199,"object_type":"structure","relational_id":14866,"identifier":"13","token":"6.2\/II\/8\/13","url":"\/6.2\/II\/8\/13\/","edition_id":1,"permalink":0,"preferred":1}},{"id":13791,"edition_id":1,"name":"Banks","identifier":"8","label":"chapter","depth":3,"order_by":1,"parent_id":13000,"metadata":{},"date_created":"2026-06-26 03:45:53","date_modified":"2026-06-26 03:45:53","permalink":{"id":265065,"object_type":"structure","relational_id":13791,"identifier":"8","token":"6.2\/II\/8","url":"\/6.2\/II\/8\/","edition_id":1,"permalink":0,"preferred":1}},{"id":13000,"edition_id":1,"name":"Depository Institutions and Trust Organizations","identifier":"II","label":"subtitle","depth":2,"order_by":1,"parent_id":12852,"metadata":{},"date_created":"2026-06-26 03:44:07","date_modified":"2026-06-26 03:44:07","permalink":{"id":263685,"object_type":"structure","relational_id":13000,"identifier":"II","token":"6.2\/II","url":"\/6.2\/II\/","edition_id":1,"permalink":0,"preferred":1}},{"id":12852,"edition_id":1,"name":"Financial Institutions and Services","identifier":"6.2","label":"title","depth":1,"order_by":1,"parent_id":null,"metadata":{},"date_created":"2026-06-26 03:43:56","date_modified":"2026-06-26 03:43:56","permalink":{"id":263249,"object_type":"structure","relational_id":12852,"identifier":"6.2","token":"6.2","url":"\/6.2\/","edition_id":1,"permalink":0,"preferred":1}}],"structure_contents":[{"id":80948,"structure_id":14866,"section_number":"6.2-912","catch_line":"Definition","url":"\/6.2-912\/","token":"6.2\/II\/8\/13\/6.2-912","metadata":false},{"id":56799,"structure_id":14866,"section_number":"6.2-913","catch_line":"Closing bank; appointment of receiver","url":"\/6.2-913\/","token":"6.2\/II\/8\/13\/6.2-913","metadata":false},{"id":64972,"structure_id":14866,"section_number":"6.2-914","catch_line":"Merger or transfer of assets of insolvent bank","url":"\/6.2-914\/","token":"6.2\/II\/8\/13\/6.2-914","metadata":false},{"id":80551,"structure_id":14866,"section_number":"6.2-915","catch_line":"Protection of state deposits upon insolvency","url":"\/6.2-915\/","token":"6.2\/II\/8\/13\/6.2-915","metadata":false},{"id":84969,"structure_id":14866,"section_number":"6.2-916","catch_line":"Appointment of receiver","url":"\/6.2-916\/","token":"6.2\/II\/8\/13\/6.2-916","metadata":false},{"id":58223,"structure_id":14866,"section_number":"6.2-917","catch_line":"Execution of powers of sale by receivers","url":"\/6.2-917\/","token":"6.2\/II\/8\/13\/6.2-917","metadata":false},{"id":67404,"structure_id":14866,"section_number":"6.2-918","catch_line":"Rights and powers of receivers generally","url":"\/6.2-918\/","token":"6.2\/II\/8\/13\/6.2-918","metadata":false},{"id":78346,"structure_id":14866,"section_number":"6.2-919","catch_line":"Interest on deposits; distribution of surplus remaining after payment of depositors","url":"\/6.2-919\/","token":"6.2\/II\/8\/13\/6.2-919","metadata":false},{"id":82233,"structure_id":14866,"section_number":"6.2-920","catch_line":"Proceedings to bar certain claims against banks in liquidation","url":"\/6.2-920\/","token":"6.2\/II\/8\/13\/6.2-920","metadata":false},{"id":81421,"structure_id":14866,"section_number":"6.2-921","catch_line":"When publication of list of creditors unnecessary","url":"\/6.2-921\/","token":"6.2\/II\/8\/13\/6.2-921","metadata":false},{"id":58453,"structure_id":14866,"section_number":"6.2-922","catch_line":"When publication once in two newspapers sufficient","url":"\/6.2-922\/","token":"6.2\/II\/8\/13\/6.2-922","metadata":false},{"id":81832,"structure_id":14866,"section_number":"6.2-923","catch_line":"When claims barred","url":"\/6.2-923\/","token":"6.2\/II\/8\/13\/6.2-923","metadata":false},{"id":79790,"structure_id":14866,"section_number":"6.2-924","catch_line":"Power of receivers to contract for loans and make investments","url":"\/6.2-924\/","token":"6.2\/II\/8\/13\/6.2-924","metadata":false}],"previous_section":{"id":78346,"structure_id":14866,"section_number":"6.2-919","catch_line":"Interest on deposits; distribution of surplus remaining after payment of depositors","url":"\/6.2-919\/","token":"6.2\/II\/8\/13\/6.2-919","metadata":false},"next_section":{"id":81421,"structure_id":14866,"section_number":"6.2-921","catch_line":"When publication of list of creditors unnecessary","url":"\/6.2-921\/","token":"6.2\/II\/8\/13\/6.2-921","metadata":false},"metadata":false,"official_url":"https:\/\/law.lis.virginia.gov\/vacode\/6.2-920\/","history_text":"

The record of this law\u2019s original creation isn\u2019t available online. It has been modified 2 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 1966, chapter 584; in 2010, chapter 794<\/a>.<\/p>","references":[{"id":81421,"section_number":"6.2-921","catch_line":"When publication of list of creditors unnecessary","order_by":null,"url":"\/6.2-921\/"},{"id":58453,"section_number":"6.2-922","catch_line":"When publication once in two newspapers sufficient","order_by":null,"url":"\/6.2-922\/"},{"id":81832,"section_number":"6.2-923","catch_line":"When claims barred","order_by":null,"url":"\/6.2-923\/"}],"refers_to":false,"permalink":{"id":265233,"object_type":"law","relational_id":82233,"identifier":"6.2-920","token":"6.2\/II\/8\/13\/6.2-920","url":"\/6.2-920\/","edition_id":1,"permalink":0,"preferred":1},"url":"\/6.2-920\/","token":"6.2\/II\/8\/13\/6.2-920","dublin_core":{"Title":"Proceedings to bar certain claims against banks in liquidation","Type":"Text","Format":"text\/html","Identifier":"\u00a7 6.2-920","Relation":"Code of Virginia"},"html":"\n\t\t\t\t\t\t

If, in a suit having as its object<\/span> the administration or liquidation<\/span> of the assets<\/span> of an insolvent bank<\/span> or trust company operating in the Commonwealth, the court orders<\/span> the payment to creditors<\/span> of dividends on, or other payments of, claims as therein ascertained and established, and (i) the receiver or other person<\/span> charged with making the ordered payment to creditors<\/span> is unable to make the payment by reason of his inability to ascertain the address of any creditor<\/span>, the failure of any creditor<\/span> to apply to such disbursing official for payment when so directed by the order<\/span> of the court, or any other similar reason; or (ii) a trustee engaged in the voluntary liquidation<\/span> of the assets<\/span> of an insolvent bank<\/span> or trust company operating in the Commonwealth, by petition<\/span> to an appropriate court in the locality wherein the principal office of the insolvent bank<\/span> or trust company is located, alleges and shows to the satisfaction of the court his inability to make payment to creditors<\/span> for any of the reasons specified in clause (i), the court, in its discretion, may enter an order<\/span> directing its receiver or other person<\/span> charged with the duty of making such payment, or the trustee, to publish at least twice in a newspaper having a general circulation in the locality where the suit or petition<\/span> is pending a list of creditors<\/span> to whom dividends or payments are due and unpaid and the amount thereof. The publication shall include a notice that any creditor<\/span> therein named who fails to apply to the disbursing official for payment of the amount due him within six months from the date of the last publication of such notice will be barred from his right thereafter to receive payment of amounts then due and from participation in any future dividends or payments that may thereafter be ordered.<\/p><\/section>","plain_text":" CODE OF VIRGINIA\n\nPROCEEDINGS TO BAR CERTAIN CLAIMS AGAINST BANKS IN LIQUIDATION (\u00a7 6.2-920)\n\nIf, in a suit having as its object the administration or liquidation of the\nassets of an insolvent bank or trust company operating in the Commonwealth, the\ncourt orders the payment to creditors of dividends on, or other payments of,\nclaims as therein ascertained and established, and (i) the receiver or other\nperson charged with making the ordered payment to creditors is unable to make\nthe payment by reason of his inability to ascertain the address of any creditor,\nthe failure of any creditor to apply to such disbursing official for payment\nwhen so directed by the order of the court, or any other similar reason; or (ii)\na trustee engaged in the voluntary liquidation of the assets of an insolvent\nbank or trust company operating in the Commonwealth, by petition to an\nappropriate court in the locality wherein the principal office of the insolvent\nbank or trust company is located, alleges and shows to the satisfaction of the\ncourt his inability to make payment to creditors for any of the reasons\nspecified in clause (i), the court, in its discretion, may enter an order\ndirecting its receiver or other person charged with the duty of making such\npayment, or the trustee, to publish at least twice in a newspaper having a\ngeneral circulation in the locality where the suit or petition is pending a list\nof creditors to whom dividends or payments are due and unpaid and the amount\nthereof. The publication shall include a notice that any creditor therein named\nwho fails to apply to the disbursing official for payment of the amount due him\nwithin six months from the date of the last publication of such notice will be\nbarred from his right thereafter to receive payment of amounts then due and from\nparticipation in any future dividends or payments that may thereafter be\nordered.\n\nHISTORY: Code 1950, \u00a7 6-58; 1966, c. 584, \u00a7 6.1-106; 2010, c. 794.","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}}