The Vermont Statutes Online
The Statutes below include the actions of the 2025 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.
Subchapter
003
:
RULES FOR TAKING CUSTODY OF PROPERTY PRESUMED ABANDONED
(Cite as: 27 V.S.A. § 1484)
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§ 1484. Holder domiciled in this State
(a) Except as in subsection (b) of this section or section 1482 or 1483 of this title, the Administrator may take custody of property presumed abandoned, whether located
in this State, another state, or a foreign country, if the holder is domiciled in
this State or is this State or a governmental subdivision, agency, or instrumentality
of this State, and
(1) another state or foreign country is not entitled to the property because there is
no last-known address of the apparent owner or other person entitled to the property
in the records of the holder; or
(2) the state or foreign country of the last-known address of the apparent owner or other
person entitled to the property does not provide for custodial taking of the property.
(b) Property is not subject to custody of the Administrator under subsection (a) of this
section if the property is specifically exempt from custodial taking under the law
of this State or the state or foreign country of the last-known address of the apparent
owner.
(c) If a holder’s state of domicile has changed since the time property was presumed abandoned,
the holder’s state of domicile in this section is deemed to be the state where the
holder was domiciled at the time the property was presumed abandoned. (Added 2019, No. 93 (Adj. Sess.), § 2, eff. Jan. 1, 2021.)