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Vermont Statutes Title 27. Property, § 1466. When stored-value card presumed abandoned

Current as of January 01, 2024 | Updated by FindLaw Staff

(a) Subject to section 1469 of this title, the net card value of a stored-value card, other than a payroll card, is presumed abandoned on the latest of three years after:

(1) December 31 of the year in which the card is issued or additional funds are deposited into it;

(2) the most recent indication of interest in the card by the apparent owner; or

(3) a verification or review of the balance by or on behalf of the apparent owner.

(b) The amount presumed abandoned in a stored-value card is the net card value at the time it is presumed abandoned.

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Cite this article: FindLaw.com - Vermont Statutes Title 27. Property, § 1466. When stored-value card presumed abandoned - last updated January 01, 2024 | https://codes.findlaw.com/vt/title-27-property/vt-st-tit-27-sect-1466/

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