Virginia Code 55.1-2519: Responsibilities of general receiver and clerk.
Current as of: 2024 | Check for updates
|
Other versions
The general receiver, if one has been appointed, and the clerk of each circuit court shall be responsible for identifying moneys held by them in their respective accounts that have remained unclaimed by the owner for more than one year after such moneys became payable and for petitioning the court to remit such money to the administrator. There shall be no obligation to report or remit funds deposited as compensation and damages in condemnation proceedings pursuant to § 25.1-237 prior to a final court order or pursuant to § 33.2-1019.
Terms Used In Virginia Code 55.1-2519
- Damages: Money paid by defendants to successful plaintiffs in civil cases to compensate the plaintiffs for their injuries.
- Obligation: An order placed, contract awarded, service received, or similar transaction during a given period that will require payments during the same or a future period.
1988, c. 841, § 55-210.9:2; 2000, cc. 733, 745; 2019, c. 712.