§ 1257 - Election to take payment or delivery - Vermont Statutes

§ 1257. Election to take payment or delivery

(a) The treasurer may decline to receive property reported or delivered under this chapter.

(b) A holder, with the written consent of the treasurer and upon conditions and terms prescribed by the treasurer, may report and deliver property before the property is presumed abandoned. Property so delivered shall be held by the treasurer and is not presumed abandoned until it otherwise would be presumed abandoned under this chapter. (Added 2005, No. 161 (Adj. Sess.), § 1.)