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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 004 : Report by Holder

(Cite as: 27 V.S.A. § 1494)
  • § 1494. Retention of records by holder

    A holder required to file a report under section 1491 of this title shall retain records for 10 years after the later of the date the report was filed or the last date a timely report was due to be filed, unless a shorter period is provided by rule of the Administrator. The holder may satisfy the requirement to retain records under this section through an agent. The records must contain:

    (1) the information required to be included in the report;

    (2) the date, place, and nature of the circumstances that gave rise to the property right;

    (3) the amount or value of the property;

    (4) the last address of the apparent owner, if known to the holder; and

    (5) if the holder sells, issues, or provides to others for sale or issue in this State traveler’s checks, money orders, or similar instruments, other than third-party bank checks, on which the holder is directly liable, a record of the instruments while they remain outstanding indicating the state and date of issue. (Added 2019, No. 93 (Adj. Sess.), § 2, eff. Jan. 1, 2021.)