Vermont § 1467 - When security presumed abandoned
Full text of Vermont Vermont Statutes Online § 1467 — When security presumed abandoned, with citation guidance and answers to common questions.
§ 1467. When security presumed abandoned
- (a) Subject to section 1469 of this title, a security is presumed abandoned three years after: (1) the date a second consecutive communication sent by the holder by first-class U.S.
mail to the apparent owner is returned to the holder undelivered by the U.S. Postal
Service; or (2) if the second communication is made later than 30 days after the first communication
is returned, the date the first communication is returned undelivered to the holder
by the U.S. Postal Service. (b) If the holder does not send communications to the apparent owner of a security by
first-class U.S. mail, the holder shall attempt to confirm the apparent owner’s interest
in the security by sending the apparent owner an electronic-mail communication not
later than two years after the apparent owner’s last indication of interest in the
security. However, the holder promptly shall attempt to contact the apparent owner
by first-class U.S. mail if: (1) the holder does not have information needed to send the apparent owner an electronic-mail
communication or the holder believes that the apparent owner’s electronic-mail address
in the holder’s records is not valid; (2) the holder receives notification that the electronic-mail communication was not received;
or (3) the apparent owner does not respond to the electronic-mail communication not later
than 30 days after the communication was sent. (c) If first-class U.S. mail sent under subsection (b) of this section is returned to
the holder undelivered by the U.S. Postal Service, the security is presumed abandoned
three years after the date the mail is returned. (Added 2019, No. 93 (Adj. Sess.), § 2, eff. Jan. 1, 2021.)
Frequently Asked Questions About Vermont § 1467
What does Vermont Statutes Online § 1467 cover?
Section 1467 ("When security presumed abandoned") is part of the Vermont Statutes Online, the codified statutory law of Vermont. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite Vermont § 1467?
A common citation format is "Vermont Statutes Online § 1467" (Vermont). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of Vermont law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Vermont official source linked on this page or consult a licensed Vermont attorney.
How does Vermont § 1467 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Vermont can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in Vermont.