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Holders (Vermont Unclaimed Property)
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Vermont Unclaimed Property Holder Information
The Vermont Unclaimed Property Law requires that entities, holding unclaimed property, report such property to the Unclaimed Property Division of the Vermont State Treasurer's Office. Banks, insurance companies and corporations are among the many entities the State of Vermont requires to report such property.
The law requires organizations to review their records annually and transfer accounts that have reached specified dormancy thresholds to the State Treasurer, who serves as a custodian of the funds until the rightful owners claim them.
The Vermont Unclaimed Property Law does not apply to land, real estate or any tangible property with the exception of the content of the safe deposit boxes, held by the banks.
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Added: Wed Aug 02 2006
