                                 CODE OF VIRGINIA

INTERSTATE AGREEMENTS AND COOPERATION (§ 55.1-2523)

A. The administrator may enter into agreements with other states to exchange
information needed to enable the Commonwealth or another state to audit or
otherwise determine unclaimed property to which the Commonwealth or another
state may be entitled subject to a claim of custody. The administrator may by
rule require the reporting of information needed to enable compliance with
agreements made pursuant to this section and prescribe the form.

B. To avoid conflicts between the administrator&#8217;s procedures and the
procedures of administrators in other jurisdictions that enact the Uniform
Unclaimed Property Act, the administrator shall, so far as is consistent with
the purposes, policies, and provisions of this chapter, before adopting,
amending, or repealing rules, advise and consult with administrators in other
jurisdictions that enact substantially the Act and take into consideration the
rules of administrators in other jurisdictions that enact the Act.

C. The administrator may join with other states to seek enforcement of the Act
against any person who is or may be holding property reportable under the Act.
At the request of another state, the Attorney General of the Commonwealth may
bring an action in the name of the administrator of the other state in any court
of competent jurisdiction to enforce the unclaimed property laws of the other
state against a holder in the Commonwealth of property subject to escheat or a
claim of abandonment by the other state, if the other state has agreed to pay
expenses incurred by the Attorney General in bringing the action.
			Similarly, the administrator may request that the Attorney General of another
state, or any other person, bring an action in the other state in the name of
the administrator. The Commonwealth shall pay all expenses, including attorney
fees, in any such action, and such expenses shall not be deducted from the
amount that is subject to the claim by the owner under this chapter.

HISTORY: 1984, c. 121, § 55-210.11:01; 2019, c. 712.