§ 64.1-130. Money and personal property belonging to nonresident decedents.
When any person, at the time of his death domiciled outside of thisCommonwealth, owned stocks, bonds, securities, money or tangible personalproperty located in this Commonwealth or was entitled to any debts, choses inaction or tangible personal property in this Commonwealth, such stocks,bonds, other securities, money, debts, tangible personal property and chosesin action shall, for ninety days from the death of such decedent, be retainedin the possession of the person, firm or corporation holding or owing thesame. After the ninety-day period such portion thereof as to which theperson, firm or corporation has not received legal notice of any lien orencumbrance, shall be paid over or delivered on demand to an executor or anadministrator or other personal representative, qualified according to thelaws of the decedent's domicile if the value of such stocks, bonds,securities, money, debts, tangible personal property and choses in action inthis Commonwealth, to the knowledge of the person holding or owing the same,is less than $15,000. When the value of such stocks, bonds, securities,moneys, debts, tangible personal property and choses in action is $15,000 ormore, such payment or delivery of such stocks, bonds, securities, money,debts, tangible personal property and choses in action may be made upon theexpiration of such ninety-day period after the transferor has given publicnotice of his intention to make such transfer by publication thereof once aweek for four successive weeks in a newspaper of general circulation in thecity, town or county wherein the transferor resides or has its principalplace of business, and after the lapse of thirty days from the completion ofsuch publication, and provided, in either case, that at the time of suchpayment or delivery, the transferor has no actual notice of the appointment,within this Commonwealth, of a personal representative for such decedent.
This section shall be construed as providing, as to the payment of money andthe delivery of personal property belonging to nonresident decedents or theirestates, optional methods of procedure in addition to those otherwisepermitted or provided by law, including a comparable law of the state inwhich the nonresident decedents were domiciled, and shall not as to suchmatters add any limitations or restrictions to existing law.
(Code 1950, § 64-123; 1956, c. 536; 1968, c. 656; 1970, c. 244; 1988, c. 370;1996, c. 549; 2001, c. 368; 2009, c. 250.)
§ 64.1-130. Money and personal property belonging to nonresident decedents.
When any person, at the time of his death domiciled outside of thisCommonwealth, owned stocks, bonds, securities, money or tangible personalproperty located in this Commonwealth or was entitled to any debts, choses inaction or tangible personal property in this Commonwealth, such stocks,bonds, other securities, money, debts, tangible personal property and chosesin action shall, for ninety days from the death of such decedent, be retainedin the possession of the person, firm or corporation holding or owing thesame. After the ninety-day period such portion thereof as to which theperson, firm or corporation has not received legal notice of any lien orencumbrance, shall be paid over or delivered on demand to an executor or anadministrator or other personal representative, qualified according to thelaws of the decedent's domicile if the value of such stocks, bonds,securities, money, debts, tangible personal property and choses in action inthis Commonwealth, to the knowledge of the person holding or owing the same,is less than $15,000. When the value of such stocks, bonds, securities,moneys, debts, tangible personal property and choses in action is $15,000 ormore, such payment or delivery of such stocks, bonds, securities, money,debts, tangible personal property and choses in action may be made upon theexpiration of such ninety-day period after the transferor has given publicnotice of his intention to make such transfer by publication thereof once aweek for four successive weeks in a newspaper of general circulation in thecity, town or county wherein the transferor resides or has its principalplace of business, and after the lapse of thirty days from the completion ofsuch publication, and provided, in either case, that at the time of suchpayment or delivery, the transferor has no actual notice of the appointment,within this Commonwealth, of a personal representative for such decedent.
This section shall be construed as providing, as to the payment of money andthe delivery of personal property belonging to nonresident decedents or theirestates, optional methods of procedure in addition to those otherwisepermitted or provided by law, including a comparable law of the state inwhich the nonresident decedents were domiciled, and shall not as to suchmatters add any limitations or restrictions to existing law.
(Code 1950, § 64-123; 1956, c. 536; 1968, c. 656; 1970, c. 244; 1988, c. 370;1996, c. 549; 2001, c. 368; 2009, c. 250.)
§ 64.1-130. Money and personal property belonging to nonresident decedents.
When any person, at the time of his death domiciled outside of thisCommonwealth, owned stocks, bonds, securities, money or tangible personalproperty located in this Commonwealth or was entitled to any debts, choses inaction or tangible personal property in this Commonwealth, such stocks,bonds, other securities, money, debts, tangible personal property and chosesin action shall, for ninety days from the death of such decedent, be retainedin the possession of the person, firm or corporation holding or owing thesame. After the ninety-day period such portion thereof as to which theperson, firm or corporation has not received legal notice of any lien orencumbrance, shall be paid over or delivered on demand to an executor or anadministrator or other personal representative, qualified according to thelaws of the decedent's domicile if the value of such stocks, bonds,securities, money, debts, tangible personal property and choses in action inthis Commonwealth, to the knowledge of the person holding or owing the same,is less than $15,000. When the value of such stocks, bonds, securities,moneys, debts, tangible personal property and choses in action is $15,000 ormore, such payment or delivery of such stocks, bonds, securities, money,debts, tangible personal property and choses in action may be made upon theexpiration of such ninety-day period after the transferor has given publicnotice of his intention to make such transfer by publication thereof once aweek for four successive weeks in a newspaper of general circulation in thecity, town or county wherein the transferor resides or has its principalplace of business, and after the lapse of thirty days from the completion ofsuch publication, and provided, in either case, that at the time of suchpayment or delivery, the transferor has no actual notice of the appointment,within this Commonwealth, of a personal representative for such decedent.
This section shall be construed as providing, as to the payment of money andthe delivery of personal property belonging to nonresident decedents or theirestates, optional methods of procedure in addition to those otherwisepermitted or provided by law, including a comparable law of the state inwhich the nonresident decedents were domiciled, and shall not as to suchmatters add any limitations or restrictions to existing law.
(Code 1950, § 64-123; 1956, c. 536; 1968, c. 656; 1970, c. 244; 1988, c. 370;1996, c. 549; 2001, c. 368; 2009, c. 250.)
