Vermont § 1491 - Report required by holder
Full text of Vermont Vermont Statutes Online § 1491 — Report required by holder, with citation guidance and answers to common questions.
§ 1491. Report required by holder
- (a) A holder of property presumed abandoned and subject to the custody of the Administrator
shall report in a record to the Administrator concerning the property. The Administrator
may not require a holder to file a paper report. (b) A holder may contract with a third party to make the report required under subsection
(a) of this section. (c) Whether or not a holder contracts with a third party under subsection (b) of this
section, the holder is responsible: (1) to the Administrator for the complete, accurate, and timely reporting of property
presumed abandoned; and (2) for paying or delivering to the Administrator property described in the report. (Added 2019, No. 93 (Adj. Sess.), § 2, eff. Jan. 1, 2021.)
Frequently Asked Questions About Vermont § 1491
What does Vermont Statutes Online § 1491 cover?
Section 1491 ("Report required by holder") 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 § 1491?
A common citation format is "Vermont Statutes Online § 1491" (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 § 1491 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.