Virginia § 55.1-2427 - Reports by State Treasurer to the Governor; penalty on escheators for failure of duty
Full text of Virginia Code of Virginia § 55.1-2427 — Reports by State Treasurer to the Governor; penalty on escheators for failure of duty, with citation guidance and answers to common questions.
§ 55.1-2427. Reports by State Treasurer to the Governor; penalty on escheators for failure of duty
The State Treasurer shall, every May 1, file a report with the Governor containing the name of any escheator who fails to perform any duty required of him by this chapter. If any escheator fails to report to and account with the State Treasurer, or fails to pay into the state treasury the proceeds of any sale made by him, or any such rents and profits, in the manner and within the time prescribed by law, he shall be fined no more than $200 for every 60 days such failure continues. If any escheator fails to perform any other duty required of him by this chapter and no specific penalty for such failure is provided, he shall be fined no more than $50. Any action for any fine under this chapter may be instituted, at the discretion of the State Treasurer or of the Attorney General, in the Circuit Court of the City of Richmond, after 15 days' notice.
Code 1919, § 511; Code 1950, § 55-190; 1981, c. 514; 1996, c. 551; 2019, c. 712.
Source: official Virginia text · Last verified 2026-08-27
Frequently Asked Questions About Virginia § 55.1-2427
What does Code of Virginia § 55.1-2427 cover?
Section 55.1-2427 ("Reports by State Treasurer to the Governor; penalty on escheators for failure of duty") is part of the Code of Virginia, the codified statutory law of Virginia. 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 Virginia § 55.1-2427?
A common citation format is "Code of Virginia § 55.1-2427" (Virginia). 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 Virginia law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Virginia official source linked on this page or consult a licensed Virginia attorney.
How does Virginia § 55.1-2427 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Virginia 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 Virginia.