                                 CODE OF VIRGINIA

REFUNDS HELD BY BUSINESS ASSOCIATIONS (§ 55.1-2512)

Except to the extent otherwise ordered by a court or administrative agency of
competent jurisdiction, any sum that a business association has been ordered to
refund by a court or administrative agency that has remained unclaimed by the
owner for more than one year after it became payable in accordance with the
final determination or order providing for the refund, regardless of whether the
final determination or order requires any person entitled to a refund to make a
claim for it, is presumed abandoned.

HISTORY: 1984, c. 121, § 55-210.6:2; 2019, c. 712.