Vermont Statutes Title 27 Sec. 1553
Terms Used In Vermont Statutes Title 27 Sec. 1553
- Administrator: means the Vermont State Treasurer. See
- Apparent owner: means a person whose name appears on the records of a holder as the owner of property held, issued, or owing by the holder. See
- Owner: means a person that has a legal, beneficial, or equitable interest in property subject to this chapter or the person's legal representative when acting on behalf of the owner. See
- Person: means an individual, estate, business association, public corporation, government or governmental subdivision, agency, or instrumentality, or other legal entity. See
- Property: means tangible property described in section 1465 of this title or a fixed and certain interest in intangible property held, issued, or owed in the course of a holder's business or by a government, governmental subdivision, agency, or instrumentality. See
§ 1553. Claim for property by person claiming to be owner
(a) A person claiming to be the owner of property held under this chapter by the Administrator may file a claim for the property on a form prescribed by the Administrator. The claimant must verify the claim as to its completeness and accuracy.
(b) The Administrator may waive the requirement in subsection (a) of this section and may pay or deliver property directly to a person if:
(1) the person receiving the property or payment is shown to be the apparent owner included on a report filed under section 1491 of this title;
(2) the Administrator reasonably believes the person is entitled to receive the property or payment; and
(3) the property has a value of less than $250.00. (Added 2019, No. 93 (Adj. Sess.), § 2, eff. Jan. 1, 2021.)