6.1-107 - (Repealed effective October 1, 2010) Same; when publication of list of creditors unnecessary. - Virginia Statutes

§ 6.1-107. (Repealed effective October 1, 2010) Same; when publication oflist of creditors unnecessary.

If any bank or trust company under the circumstances referred to in thepreceding section (§ 6.1-106) shall have been in liquidation for a period ofmore than ten years, and more than five years shall have elapsed since thedate of the entry of the last court order directing the payment to creditorsof dividends on or other payments of claims as therein ascertained andestablished, then it shall be unnecessary to publish a list of creditors towhom dividends or payments are due and unpaid and the amount thereof, and itshall only be necessary to publish a notice stating the total amount ofdividends ordered paid and unclaimed and the fact that a list of suchcreditors may be seen at the office of the receiver, liquidating agent orother disbursing officer, and that any creditor who shall fail to apply tosuch disbursing official for payment of the amount due him within six monthsfrom the date of the last publication of such notice will be barred from hisright thereafter to receive payment of amounts then due and fromparticipation in any future dividends or payments which may thereafter beordered.

(Code 1950, § 6-59; 1966, c. 584.)