§ 55.1-2400 Definition
§ 55.1-2401 Appointment of escheators
§ 55.1-2402 Bond of escheator
§ 55.1-2403 Increase or reduction of penalty of escheator’s bond; effect
§ 55.1-2404 Annual report to escheator; lands not liable
§ 55.1-2405 Escheator to hold inquest; notice of inquest
§ 55.1-2406 Jury of inquest; presentation of evidence
§ 55.1-2407 Attendance of jurors; compensation
§ 55.1-2408 How verdict signed; where returned and recorded
§ 55.1-2409 Proceedings to claim land escheated
§ 55.1-2410 Trial by jury; judgment of court
§ 55.1-2411 Facts or evidence to be certified
§ 55.1-2412 Lands may be committed to claimant while claim pending
§ 55.1-2413 Disposition of lands while claim is pending, if not committed to claimant
§ 55.1-2414 Escheator to notify State Treasurer of claim and decision
§ 55.1-2415 Escheators to certify lands escheated
§ 55.1-2416 Removal of parcels from the certificate
§ 55.1-2417 Escheat of property with hazardous materials
§ 55.1-2418 Publication of escheator’s certificate
§ 55.1-2419 Order of sale by Governor
§ 55.1-2420 Form of sale agreement; notice of right to refund
§ 55.1-2421 When grant to issue to purchaser; reimbursable expenses
§ 55.1-2422 Form of grant of escheated property
§ 55.1-2423 Governor to sign and seal grant; Librarian of Virginia to record it; delivery to and by State Treasurer
§ 55.1-2424 Recordation of certified copy of grant
§ 55.1-2425 Resale in case of default
§ 55.1-2426 Reports by escheators to State Treasurer
§ 55.1-2427 Reports by State Treasurer to the Governor; penalty on escheators for failure of duty
§ 55.1-2428 State Treasurer may examine records of any escheator, commissioner of the revenue, or treasurer
§ 55.1-2429 When State Treasurer to issue grant to purchaser
§ 55.1-2430 Escheator’s pay
§ 55.1-2431 Escheat of estates in trust and equitable titles
§ 55.1-2432 Provision in favor of tenant of escheated land
§ 55.1-2433 In favor of creditor of decedent
§ 55.1-2434 Escheators to defend on behalf of Commonwealth
§ 55.1-2435 Recovery by escheator of decedent’s escheated residue and of property abandoned or derelict; fee
§ 55.1-2436 Publication of action; what to state and require
§ 55.1-2437 Order of the court
§ 55.1-2438 How money paid into state treasury from escheats may be recovered
§ 55.1-2439 Regulations of the State Treasurer
§ 55.1-2440 Continuation of certain statutes
§ 55.1-2441 Pendency of escheat proceedings no bar to condemnation proceedings

Terms Used In Virginia Code > Title 55.1 > Subtitle V > Chapter 24 - Escheats

  • Affidavit: A written statement of facts confirmed by the oath of the party making it, before a notary or officer having authority to administer oaths.
  • Answer: The formal written statement by a defendant responding to a civil complaint and setting forth the grounds for defense.
  • Bequest: Property gifted by will.
  • City: means an independent incorporated community which became a city as provided by law before noon on July 1, 1971, or which has within defined boundaries a population of 5,000 or more and which has become a city as provided by law. See Virginia Code 1-208
  • Clerk of court: An officer appointed by the court to work with the chief judge in overseeing the court's administration, especially to assist in managing the flow of cases through the court and to maintain court records.
  • Common law: The legal system that originated in England and is now in use in the United States. It is based on judicial decisions rather than legislative action.
  • Complaint: A written statement by the plaintiff stating the wrongs allegedly committed by the defendant.
  • Contract: A legal written agreement that becomes binding when signed.
  • Damages: Money paid by defendants to successful plaintiffs in civil cases to compensate the plaintiffs for their injuries.
  • Decedent: A deceased person.
  • Deed: The legal instrument used to transfer title in real property from one person to another.
  • Defendant: In a civil suit, the person complained against; in a criminal case, the person accused of the crime.
  • Devise: To gift property by will.
  • Equitable: Pertaining to civil suits in "equity" rather than in "law." In English legal history, the courts of "law" could order the payment of damages and could afford no other remedy. See damages. A separate court of "equity" could order someone to do something or to cease to do something. See, e.g., injunction. In American jurisprudence, the federal courts have both legal and equitable power, but the distinction is still an important one. For example, a trial by jury is normally available in "law" cases but not in "equity" cases. Source: U.S. Courts
  • Escheat: Reversion of real or personal property to the state when 1) a person dies without leaving a will and has no heirs, or 2) when the property (such as a bank account) has been inactive for a certain period of time. Source: OCC
  • Evidence: Information presented in testimony or in documents that is used to persuade the fact finder (judge or jury) to decide the case for one side or the other.
  • Fee simple: Absolute title to property with no limitations or restrictions regarding the person who may inherit it.
  • Gift: A voluntary transfer or conveyance of property without consideration, or for less than full and adequate consideration based on fair market value.
  • Grantor: The person who establishes a trust and places property into it.
  • in writing: include any representation of words, letters, symbols, numbers, or figures, whether (i) printed or inscribed on a tangible medium or (ii) stored in an electronic or other medium and retrievable in a perceivable form and whether an electronic signature authorized by Chapter 42. See Virginia Code 1-257
  • Includes: means includes, but not limited to. See Virginia Code 1-218
  • Intestate: Dying without leaving a will.
  • Jurisdiction: (1) The legal authority of a court to hear and decide a case. Concurrent jurisdiction exists when two courts have simultaneous responsibility for the same case. (2) The geographic area over which the court has authority to decide cases.
  • Juror: A person who is on the jury.
  • known: includes inspection of tax records and any other inquiry deemed to be reasonable. See Virginia Code 55.1-2400
  • Lease: A contract transferring the use of property or occupancy of land, space, structures, or equipment in consideration of a payment (e.g., rent). Source: OCC
  • Lien: A claim against real or personal property in satisfaction of a debt.
  • Locality: means a county, city, or town as the context may require. See Virginia Code 1-221
  • Mortgage: The written agreement pledging property to a creditor as collateral for a loan.
  • Mortgagee: The person to whom property is mortgaged and who has loaned the money.
  • Person: includes any individual, corporation, partnership, association, cooperative, limited liability company, trust, joint venture, government, political subdivision, or any other legal or commercial entity and any successor, representative, agent, agency, or instrumentality thereof. See Virginia Code 1-230
  • Personal estate: includes chattels real and such other estate as, upon the death of the owner intestate, would devolve upon his personal representative. See Virginia Code 1-233
  • Process: includes subpoenas, the summons and complaint in a civil action, and process in statutory actions. See Virginia Code 1-237
  • real estate: includes lands, tenements and hereditaments, and all rights and appurtenances thereto and interests therein, other than a chattel interest. See Virginia Code 1-219
  • Real property: Land, and all immovable fixtures erected on, growing on, or affixed to the land.
  • Recourse: An arrangement in which a bank retains, in form or in substance, any credit risk directly or indirectly associated with an asset it has sold (in accordance with generally accepted accounting principles) that exceeds a pro rata share of the bank's claim on the asset. If a bank has no claim on an asset it has sold, then the retention of any credit risk is recourse. Source: FDIC
  • State: when applied to a part of the United States, includes any of the 50 states, the District of Columbia, the Commonwealth of Puerto Rico, Guam, the Northern Mariana Islands, and the United States Virgin Islands. See Virginia Code 1-245
  • Summons: Another word for subpoena used by the criminal justice system.
  • sworn: means "affirm" or "affirmed. See Virginia Code 1-250
  • Testate: To die leaving a will.
  • Testify: Answer questions in court.
  • Trustee: A person or institution holding and administering property in trust.
  • Verdict: The decision of a petit jury or a judge.