Vermont § 1604 - Asset locators
Full text of Vermont Vermont Statutes Online § 1604 — Asset locators, with citation guidance and answers to common questions.
§ 1604. Asset locators
- (a) All asset locators seeking to interact with the Administrator on behalf of apparent
owners shall first register with Administrator on forms prescribed by the Administrator.
Registration information shall include an asset locator’s previous business experience
and whether the asset locator has a criminal record. In order to obtain and maintain
registered status, all asset locators shall post a performance bond of not less than
$10,000.00 to insure the Administrator against any fraudulent or mistaken claims that
may arise as a result of an asset locator’s representation of an apparent owner. A
copy of any agreement, or contract, between an asset locator and an apparent owner
shall be filed with the Administrator, together with a signed by the apparent owner
and notarized “notice to claimant” form, as prescribed by the Administrator, describing
the rights of the apparent owner under this subchapter. (b) An owner may not assign his or her rights, or property interests, under this chapter
to an asset locator. No power of attorney containing provisions contrary to this section
shall be enforceable. (Added 2019, No. 93 (Adj. Sess.), § 2, eff. Jan. 1, 2021.)
Frequently Asked Questions About Vermont § 1604
What does Vermont Statutes Online § 1604 cover?
Section 1604 ("Asset locators") 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 § 1604?
A common citation format is "Vermont Statutes Online § 1604" (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 § 1604 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.