Va. Code § 55.1-2435

Current with changes from the 2024 legislative session through ch. 845

Section 55.1-2435 - Recovery by escheator of decedent's escheated residue and of property abandoned or derelict; fee

The residue of a decedent's estate consisting of real property belonging to the Commonwealth, or subject to escheat to the Commonwealth, and any such property abandoned or derelict, or having no rightful owner, may be recovered from any person in possession thereof by an escheator by a complaint in the name of the Commonwealth. For his services in such recovery, the escheator shall be entitled to such fee as may be approved by the State Treasurer, but in no event shall such fee exceed 10 percent of the value of such recovered property.

Code 1919, § 518; Code 1950, § 55-197; 1956, c. 15; 1966, c. 251; 1977, c. 583; 1981, c. 514; 1984, c. 315; 2019, c. 712.

Added by Acts 2019 c. 712, § 1, eff. 10/1/2019.