Vermont § 1593 - Action involving another state or foreign country

§ 1593. Action involving another state or foreign country

• (a) The Administrator may join another state or foreign country to examine and seek enforcement
  of this chapter against a putative holder. (b) On request of another state or foreign country, the Vermont Attorney General may commence
  an action on behalf of the other state or country to enforce, in this State, the law
  of the other state or country against a putative holder subject to a claim by the
  other state or country, if the other state or country agrees to pay costs incurred
  by the Attorney General in the action. (c) The Administrator may request the official authorized to enforce the unclaimed property
  law of another state or foreign country to commence an action to recover property
  in the other state or country on behalf of the Administrator. This State shall pay
  the costs, including reasonable attorney’s fees and expenses, incurred by the other
  state or foreign country in an action under this subsection. (d) The Administrator may pursue an action on behalf of this State to recover property
  subject to this chapter but delivered to the custody of another state if the Administrator
  believes the property is subject to the custody of the Administrator. (e) The Administrator may retain an attorney in this State, another state, or a foreign
  country to commence an action to recover property on behalf of the Administrator and
  may agree to pay attorney’s fees based in whole or in part on a fixed fee, hourly
  fee, or a percentage of the amount or value of property recovered in the action. (f) Expenses incurred by this State in an action under this section may be paid from property
  received under this chapter or the net proceeds of the property. Expenses paid to
  recover property may not be deducted from the amount that is subject to a claim under
  this chapter by the owner. (Added 2019, No. 93 (Adj. Sess.), § 2, eff. Jan. 1, 2021.)