State Codes and Statutes

Statutes > Virginia > Title-55 > Chapter-11-1 > 55-210-11-01

§ 55-210.11:01. Interstate agreements and cooperation.

The administrator may enter into agreements with other states to exchangeinformation needed to enable this or another state to audit or otherwisedetermine unclaimed property that it or another state may be entitled tosubject to a claim of custody. The administrator may by rule require thereporting of information needed to enable compliance with agreements madepursuant to this section and prescribe the form.

To avoid conflicts between the administrator's procedures and the proceduresof administrators in other jurisdictions that enact the Uniform UnclaimedProperty Act, the administrator shall, so far as is consistent with thepurposes, policies, and provisions of this chapter, before adopting, amendingor repealing rules, advise and consult with administrators in otherjurisdictions that enact substantially the Uniform Unclaimed Property Act andtake into consideration the rules of administrators in other jurisdictionsthat enact the Uniform Unclaimed Property Act.

The administrator may join with other states to seek enforcement of this Actagainst any person who is or may be holding property reportable under thisAct. At the request of another state, the Attorney General of thisCommonwealth may bring an action in the name of the administrator of theother state in any court of competent jurisdiction to enforce the unclaimedproperty laws of the other state against a holder in this Commonwealth ofproperty subject to escheat or a claim of abandonment by the other state, ifthe other state has agreed to pay expenses incurred by the Attorney Generalin bringing the action.

Similarly, the administrator may request that the Attorney General of anotherstate, or any other person, bring an action in the other state in the name ofthe administrator. This Commonwealth shall pay all expenses, includingattorney's fees, in any such action and such expenses shall not be deductedfrom the amount that is subject to the claim by the owner under this chapter.

(1984, c. 121.)

State Codes and Statutes

Statutes > Virginia > Title-55 > Chapter-11-1 > 55-210-11-01

§ 55-210.11:01. Interstate agreements and cooperation.

The administrator may enter into agreements with other states to exchangeinformation needed to enable this or another state to audit or otherwisedetermine unclaimed property that it or another state may be entitled tosubject to a claim of custody. The administrator may by rule require thereporting of information needed to enable compliance with agreements madepursuant to this section and prescribe the form.

To avoid conflicts between the administrator's procedures and the proceduresof administrators in other jurisdictions that enact the Uniform UnclaimedProperty Act, the administrator shall, so far as is consistent with thepurposes, policies, and provisions of this chapter, before adopting, amendingor repealing rules, advise and consult with administrators in otherjurisdictions that enact substantially the Uniform Unclaimed Property Act andtake into consideration the rules of administrators in other jurisdictionsthat enact the Uniform Unclaimed Property Act.

The administrator may join with other states to seek enforcement of this Actagainst any person who is or may be holding property reportable under thisAct. At the request of another state, the Attorney General of thisCommonwealth may bring an action in the name of the administrator of theother state in any court of competent jurisdiction to enforce the unclaimedproperty laws of the other state against a holder in this Commonwealth ofproperty subject to escheat or a claim of abandonment by the other state, ifthe other state has agreed to pay expenses incurred by the Attorney Generalin bringing the action.

Similarly, the administrator may request that the Attorney General of anotherstate, or any other person, bring an action in the other state in the name ofthe administrator. This Commonwealth shall pay all expenses, includingattorney's fees, in any such action and such expenses shall not be deductedfrom the amount that is subject to the claim by the owner under this chapter.

(1984, c. 121.)


State Codes and Statutes

State Codes and Statutes

Statutes > Virginia > Title-55 > Chapter-11-1 > 55-210-11-01

§ 55-210.11:01. Interstate agreements and cooperation.

The administrator may enter into agreements with other states to exchangeinformation needed to enable this or another state to audit or otherwisedetermine unclaimed property that it or another state may be entitled tosubject to a claim of custody. The administrator may by rule require thereporting of information needed to enable compliance with agreements madepursuant to this section and prescribe the form.

To avoid conflicts between the administrator's procedures and the proceduresof administrators in other jurisdictions that enact the Uniform UnclaimedProperty Act, the administrator shall, so far as is consistent with thepurposes, policies, and provisions of this chapter, before adopting, amendingor repealing rules, advise and consult with administrators in otherjurisdictions that enact substantially the Uniform Unclaimed Property Act andtake into consideration the rules of administrators in other jurisdictionsthat enact the Uniform Unclaimed Property Act.

The administrator may join with other states to seek enforcement of this Actagainst any person who is or may be holding property reportable under thisAct. At the request of another state, the Attorney General of thisCommonwealth may bring an action in the name of the administrator of theother state in any court of competent jurisdiction to enforce the unclaimedproperty laws of the other state against a holder in this Commonwealth ofproperty subject to escheat or a claim of abandonment by the other state, ifthe other state has agreed to pay expenses incurred by the Attorney Generalin bringing the action.

Similarly, the administrator may request that the Attorney General of anotherstate, or any other person, bring an action in the other state in the name ofthe administrator. This Commonwealth shall pay all expenses, includingattorney's fees, in any such action and such expenses shall not be deductedfrom the amount that is subject to the claim by the owner under this chapter.

(1984, c. 121.)