                                 CODE OF VIRGINIA

 DUTY OF TRUSTEE; SALE OF LEASE; DISTRIBUTION OF FUNDS (§ 45.2-605)

A. The trustee shall collect the proceeds from the sale of the lease and hold
and invest such proceeds for the use and benefit of the unknown or missing
owners. The court may authorize the trustee to expend an amount not to exceed 10
percent of the funds collected by the trustee for the purpose of searching for
the unknown or missing owners.

B. Five years after the date of first commercial production of the coal
interests, the proceeds in the trust shall be disposed of pursuant to the
Virginia Disposition of Unclaimed Property Act (&#xA7; 55.1-2500 et seq.).

HISTORY: 2003, c. 775, § 45.1-161.311:6; 2021, Sp. Sess. I, c. 387.