                                 CODE OF VIRGINIA

NOTICE AND PROOF OF CLAIM; NOTICE OF REJECTION OF CLAIM; PETITION FOR HEARING
(§ 6.2-931)

All parties having claims against the closed bank shall present their claims,
substantiated by legal proof, to the FDIC as receiver within 180 days after the
closing of the bank. The FDIC as receiver shall cause notice of the claims
procedure prescribed by this section to be published once a week for 12
consecutive weeks in a newspaper of general circulation in one or more
localities as the receivership court may direct, and shall mail such notice to
the last address of record of each person whose name appears as a creditor upon
books of the bank. The receiver shall notify in writing any claimant whose claim
has been rejected within 180 days following receipt of the claim. Any claimant
whose claim has been rejected by the receiver may petition the receivership
court for a hearing on his claim within 60 days of the date of notice his claim
is rejected. Notice shall be deemed given when mailed.

HISTORY: 1983, c. 507, § 6.1-110.7; 2010, c. 794.