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Searching 2023-2024 Session

The Vermont Statutes Online

The Vermont Statutes Online have been updated to include the actions of the 2023 session of the General Assembly.

NOTE: The Vermont Statutes Online is an unofficial copy of the Vermont Statutes Annotated that is provided as a convenience.

Title 27 : Property

Chapter 018 : Unclaimed Property

Subchapter 002 : Presumption of Abandonment

(Cite as: 27 V.S.A. § 1466)
  • § 1466. When stored-value card presumed abandoned

    (a) Subject to section 1469 of this title, the net card value of a stored-value card, other than a payroll card, is presumed abandoned on the latest of three years after:

    (1) December 31 of the year in which the card is issued or additional funds are deposited into it;

    (2) the most recent indication of interest in the card by the apparent owner; or

    (3) a verification or review of the balance by or on behalf of the apparent owner.

    (b) The amount presumed abandoned in a stored-value card is the net card value at the time it is presumed abandoned. (Added 2019, No. 93 (Adj. Sess.), § 2, eff. Jan. 1, 2021.)