SEARCH SITE
VIRGINIA LAW PORTAL
- Code of Virginia
- Virginia Administrative Code
- Constitution of Virginia
- Charters
- Authorities
- Compacts
- Uncodified Acts
- RIS Users (account required)
SEARCHABLE DATABASES
- Bills & Resolutions
session legislation - Bill Summaries
session summaries - Reports to the General Assembly
House and Senate documents - Legislative Liaisons
State agency contacts
ACROSS SESSIONS
- Subject Index: Since 1995
- Bills & Resolutions: Since 1994
- Summaries: Since 1994
Developed and maintained by the Division of Legislative Automated Systems.
1996 SESSION
HB 838 Abandoned property; automatically renewable time deposits.
Introduced by: W. Roscoe Reynolds | all patrons ... notes | add to my profiles
SUMMARY:
Abandoned property; automatically renewable time deposits. Provides that an automatically renewable time deposit (e.g., certificate of deposit) is not presumed abandoned until five years after the date of the second mailing of a statement of account or other notification or communication that was returned as undeliverable, or after the date the holder discontinued the mailings to the apparent owner, whichever is earlier. The bill further provides that any automatically renewable time deposit shall be presumed abandoned as otherwise provided in § 55-210.3:01 if no statement or other notification must be provided. Under current law, an automatically renewable time deposit is presumed abandoned five years after its maturity unless the owner has taken some action to evidence an interest in the deposit. Such action may not typically occur with automatically renewable time deposits.
FULL TEXT
- 01/22/96 House: Presented & ordered printed 962287428 pdf
- 02/01/96 House: Printed as engrossed 962287428-E pdf
- 03/12/96 House: Bill text as passed House and Senate (HB838ER) pdf
- 04/04/96 Governor: Acts of Assembly Chapter text (CHAP0419) pdf
AMENDMENTS
HISTORY
- 01/22/96 House: Presented & ordered printed 962287428
- 01/22/96 House: Referred to Committee for Courts of Justice
- 01/26/96 House: Reported from Courts of Justice (22-Y 0-N)
- 01/26/96 House: Referred to Committee on Corporations, Insurance and Banking
- 01/30/96 House: Reported from C. I. B. w/amds. (21-Y 0-N)
- 01/31/96 House: Read first time
- 02/01/96 House: Read second time
- 02/01/96 House: Committee amendments agreed to
- 02/01/96 House: Engrossed by House as amended
- 02/01/96 House: Printed as engrossed 962287428-E
- 02/02/96 House: Read third time and passed House (Block Vote) (99-Y 0-N)
- 02/02/96 House: VOTE: BLOCK VOTE PASSAGE (99-Y 0-N)
- 02/02/96 House: Reconsideration of passage agreed to by House
- 02/02/96 House: Passed House (Block Vote) (100-Y 0-N)
- 02/02/96 House: VOTE: BLOCK VOTE PASSAGE #2 (100-Y 0-N)
- 02/02/96 House: Communicated to Senate
- 02/05/96 Senate: Read first time
- 02/05/96 Senate: Referred to Committee for Courts of Justice
- 02/13/96 Senate: Assigned to C. J. sub-committee: Wills/Trusts/Estates
- 02/26/96 Senate: Reported from Courts of Justice (15-Y 0-N)
- 02/27/96 House: Placed on Calendar
- 02/27/96 Senate: Constitutional reading dispensed (40-Y 0-N)
- 02/27/96 Senate: VOTE: CONST. READING DISPENSED (40-Y 0-N)
- 02/28/96 Senate: Read third time
- 02/28/96 Senate: Passed Senate (40-Y 0-N)
- 02/28/96 Senate: VOTE: PASSAGE (40-Y 0-N)
- 03/12/96 House: Bill text as passed House and Senate (HB838ER)
- 03/15/96 House: Enrolled
- 03/16/96 House: Signed by Speaker
- 03/18/96 Senate: Signed by President
- 03/31/96 Governor: Approved by Governor-Chapter 419 (effective 7/1/96)
- 04/04/96 Governor: Acts of Assembly Chapter text (CHAP0419)