Vermont Statutes Title 27 Sec. 1487
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Terms Used In Vermont Statutes Title 27 Sec. 1487
- Administrator: means the Vermont State Treasurer. See
- Property: means tangible property described in section 1465 of this title or a fixed and certain interest in intangible property held, issued, or owed in the course of a holder's business or by a government, governmental subdivision, agency, or instrumentality. See
§ 1487. Burden of proof to establish Administrator‘s right to custody
If the Administrator asserts a right to custody of unclaimed property, the Administrator has the burden to prove:
(1) the existence and amount of the property;
(2) the property is presumed abandoned; and
(3) the property is subject to the custody of the Administrator. (Added 2019, No. 93 (Adj. Sess.), § 2, eff. Jan. 1, 2021.)