§ 1466. When stored-value card presumed abandoned
(a) Subject to section 1469 of this title, the net card value of a stored-value card, other than a payroll card, is presumed abandoned on the latest of three years after:
(1) December 31 of the year in which the card is issued or additional funds are deposited into it;
(2) the most recent indication of interest in the card by the apparent owner; or
(3) a verification or review of the balance by or on behalf of the apparent owner.
(b) The amount presumed abandoned in a stored-value card is the net card value at the time it is presumed abandoned. (Added 2019, No. 93 (Adj. Sess.), § 2, eff. Jan. 1, 2021.)
Structure Vermont Statutes
Chapter 18 - Unclaimed Property
§ 1453. Inapplicability to foreign transaction
§ 1461. When property presumed abandoned
§ 1462. When tax-deferred retirement account presumed abandoned
§ 1463. When other tax-deferred account presumed abandoned
§ 1464. When custodial account for minor presumed abandoned
§ 1465. When contents of safe-deposit box presumed abandoned
§ 1466. When stored-value card presumed abandoned
§ 1467. When security presumed abandoned
§ 1468. When related property presumed abandoned
§ 1469. Indication of apparent owner interest in property
§ 1470. Knowledge of death of insured or annuitant
§ 1471. Deposit account for proceeds of insurance policy or annuity contract
§ 1472. Unclaimed life insurance benefits
§ 1473. When abandonment period is accelerated
§ 1481. Address of apparent owner to establish priority
§ 1482. Address of apparent owner in this State
§ 1483. If records show multiple addresses of apparent owner
§ 1484. Holder domiciled in this State
§ 1485. Custody if transaction took place in this State
§ 1486. Traveler’s check, money order, or similar instrument
§ 1487. Burden of proof to establish Administrator’s right to custody
§ 1491. Report required by holder
§ 1493. When report to be filed
§ 1494. Retention of records by holder
§ 1495. Property reportable and payable or deliverable absent owner demand
§ 1496. Electric utility cooperatives
§ 1501. Notice to apparent owner by holder
§ 1502. Contents of notice by holder
§ 1503. Notice by Administrator
§ 1504. Cooperation among State officers and agencies to locate apparent owner
§ 1511. Definition of good faith
§ 1513. Payment or delivery of property to Administrator
§ 1514. Effect of payment or delivery of property to Administrator
§ 1515. Recovery of property by holder from Administrator
§ 1516. Property removed from safe-deposit box
§ 1517. Crediting income or gain to owner’s account
§ 1518. Administrator’s options as to custody
§ 1519. Disposition of property having no substantial value; immunity from liability
§ 1520. Periods of limitation and repose
§ 1531. Public sale of property
§ 1532. Disposal of securities
§ 1533. Recovery of securities or value by owner
§ 1534. Purchaser owns property after sale
§ 1535. Military medal or decoration
§ 1541. Deposit of funds by Administrator
§ 1542. Administrator to retain records of property
§ 1543. Expenses and service charges of Administrator
§ 1544. Administrator holds property as custodian for owner
§ 1551. Claim of another state to recover property
§ 1552. When property subject to recovery by another state
§ 1553. Claim for property by person claiming to be owner
§ 1554. When Administrator must honor claim for property
§ 1555. Allowance of claim for property
§ 1556. Action by person whose claim is denied
§ 1557. Deceased owners; multiple claimants
§ 1561. Verified report of property
§ 1562. Examination of records to determine compliance
§ 1563. Rules for conducting examination
§ 1564. Records obtained in examination
§ 1565. Evidence of unpaid debt or undischarged obligation
§ 1566. Failure of person examined to retain records
§ 1567. Report to person whose records were examined
§ 1568. Complaint to Administrator about conduct of person conducting examination
§ 1569. Administrator’s contract with another to conduct examination
§ 1570. Limit on future employment
§ 1571. Report by Administrator to General Assembly
§ 1572. Determination of liability for unreported reportable property
§ 1582. Review of Administrator’s determination
§ 1591. Judicial action to enforce liability
§ 1592. Interstate and international agreement; cooperation
§ 1593. Action involving another state or foreign country
§ 1594. Interest and penalty for failure to act in timely manner
§ 1596. Waiver of interest and penalty
§ 1601. When agreement to locate property enforceable
§ 1602. When agreement to locate property void
§ 1603. Right of agent of apparent owner to recover property held by Administrator
§ 1611. Definitions; applicability
§ 1612. Confidential information
§ 1613. When confidential information may be disclosed
§ 1614. Confidentiality agreement
§ 1615. No confidential information in notice
§ 1616. Security of information
§ 1618. Indemnification for breach
§ 1621. Uniformity of application and construction
§ 1622. Relation to Electronic Signatures in Global and National Commerce Act