Vermont § 1552 - When property subject to recovery by another state

§ 1552. When property subject to recovery by another state

• (a) Property held under this chapter by the Administrator is subject to the right of another
  state to take custody of the property if: (1) the property was paid or delivered to the Administrator because the records of the
  holder did not reflect a last-known address in the other state of the apparent owner
  and: (A) the other state establishes that the last-known address of the apparent owner or other
  person entitled to the property was in the other state; or (B) under the law of the other state, the property has become subject to a claim by the
  other state of abandonment; (2) the records of the holder did not accurately identify the owner of the property, the
  last-known address of the owner was in another state, and, under the law of the other
  state, the property has become subject to a claim by the other state of abandonment; (3) the property was subject to the custody of the Administrator of this State under section 1485 of this title and, under the law of the state of domicile of the holder, the property has become
  subject to a claim by the state of domicile of the holder of abandonment; or (4) the property: (A) is a sum payable on a traveler’s check, money order, or similar instrument that was
  purchased in the other state and delivered to the Administrator under section 1486 of this title; and (B) under the law of the other state, has become subject to a claim by the other state
  of abandonment. (b) A claim by another state to recover property under this section must be presented
  in a form prescribed by the Administrator, unless the Administrator waives presentation
  of the form. (c) The Administrator shall decide a claim under this section not later than 90 days after
  it is presented. If the Administrator determines that the other state is entitled
  under subsection (a) of this section to custody of the property, the Administrator
  shall allow the claim and pay or deliver the property to the other state. (d) The Administrator may require another state, before recovering property under this
  section, to agree to indemnify this State and its agents, officers, and employees
  against any liability on a claim to the property. (Added 2019, No. 93 (Adj. Sess.), § 2, eff. Jan. 1, 2021; amended 2023, No. 161 (Adj. Sess.), § 29, eff. June 6, 2024.)