Virginia § 55.1-2509 - Unclaimed demutualization proceeds
Full text of Virginia Code of Virginia § 55.1-2509 — Unclaimed demutualization proceeds, with citation guidance and answers to common questions.
§ 55.1-2509. Unclaimed demutualization proceeds
Unclaimed property payable or distributable in the course of the demutualization of an insurance company is presumed abandoned five years after the earlier of (i) the date of last contact with the policyholder or (ii) the date the property became payable or distributable. The report filed on November 1, 2003 will include demutualization distribution property for which there has been no policyholder contact for the five years prior to June 30, 2003.
Frequently Asked Questions About Virginia § 55.1-2509
What does Code of Virginia § 55.1-2509 cover?
Section 55.1-2509 ("Unclaimed demutualization proceeds") 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 § 55.1-2509?
A common citation format is "Code of Virginia § 55.1-2509" (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 § 55.1-2509 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.