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Can you summarize 27 VTST Chapter 18?
Property > UNCLAIMED PROPERTY
Short Summary
The provided legal document content pertains to the Vermont Statutes related to unclaimed property. It governs the rules and regulations for the implementation and administration of unclaimed property in Vermont. The document provides definitions for various terms used in the Vermont Statutes and addresses the presumption of abandonment for unclaimed property, reporting requirements for holders, notice to apparent owners, expiration of periods of limitation, sale of property by the Administrator, administration of property, delivery of property held by the Administrator in the name of a deceased owner, allowance of claims for property, recovery of property from the Administrator, transfer of property to another state, reporting requirements for the Administrator, contracting policies and standards for examinations, examination of records, confidentiality and security of information, determination of liability and putative holder remedies, civil penalties for certain actions or omissions, agreements between apparent owners and asset locators, and the promotion of uniformity of the law among states. These documents provide a comprehensive framework for the handling of unclaimed property in Vermont and apply to various entities involved in the process. No specific exemptions or penalties are mentioned in these documents.
Whom does it apply to?
Holders of unclaimed property, the Administrator, apparent owners, executors, surviving spouses, next of kin, claimants, owners of unclaimed property, asset locators, persons contracted by the Administrator, putative holders, and persons subject to examination under section 1562 of the Vermont Statutes
What does it govern?
The Vermont Statutes related to unclaimed property
What are exemptions?
No specific exemptions are mentioned in these documents
What are the Penalties?
No specific penalties are mentioned in these documents
Jurisdiction
Vermont