Vermont § 1623 - Transitional provision
Full text of Vermont Vermont Statutes Online § 1623 — Transitional provision, with citation guidance and answers to common questions.
§ 1623. Transitional provision
- (a) An initial report filed under this chapter for property that was not required to be
reported before January 1, 2021, but that is required to be reported under this chapter,
must include all items of property that would have been presumed abandoned during
the 10-year period preceding January 1, 2021, as if this chapter had been in effect
during that period. (b) This chapter does not relieve a holder of a duty that arose before January 1, 2021,
to report, pay, or deliver property. Subject to subsections 1520(b) and (c) of this
title, a holder that did not comply with the law governing unclaimed property before
January 1, 2021, is subject to applicable provisions for enforcement and penalties
in effect before January 1, 2021. (Added 2019, No. 93 (Adj. Sess.), § 2, eff. Jan. 1, 2021.)
Frequently Asked Questions About Vermont § 1623
What does Vermont Statutes Online § 1623 cover?
Section 1623 ("Transitional provision") 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 § 1623?
A common citation format is "Vermont Statutes Online § 1623" (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 § 1623 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.