- Except as otherwise provided in this chapter or by other statute of the Virgin Islands, property that is presumed abandoned, whether located in the Virgin Islands or another State, is subject to the custody of the Virgin Islands if:
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(1) the last known address of the apparent owner, as shown on the records of the holder, is in the Virgin Islands;
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(2) the records of the holder do not reflect the identity of the person entitled to the property and it is established that the last known address of the person entitled to the property is in the Virgin Islands;
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(3) the records of the holder do not reflect the last known address of the apparent owner and it is established that:
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(A) the last known address of the person entitled to the property is in the Virgin Islands; or
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(B) the holder is domiciled in the Virgin Islands or is a government or governmental subdivision, agency, or instrumentality of the Virgin Islands and has not previously paid or delivered the property to the Virgin Islands of the last known address of the apparent owner or other person entitled to the property;
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(4) the last known address of the apparent owner, as shown on the records of the holder, is in a State that does not provide for the escheat or custodial taking of the property and the holder is domiciled in the Virgin Islands or is a government or governmental subdivision, agency, or instrumentality of the Virgin Islands;
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(5) the last known address of the apparent owner, as shown on the records of the holder, is in a foreign country and the holder is domiciled in the Virgin Islands or is a government or governmental subdivision, agency, or instrumentality of the Virgin Islands;
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(6) the transaction out of which the property arose occurred in the Virgin Islands, the holder is domiciled in a State that does not provide for the escheat or custodial taking of the property, and the last known address of the apparent owner or other person entitled to the property is unknown or is in a State that does not provide for the escheat or custodial taking of the property; or
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(7) the property is a traveler’s check or money order purchased in the Virgin Islands, or the issuer of the traveler’s check or money order has its principal place of business in the Virgin Islands and the issuer’s records show that the instrument was purchased in a State that does not provide for the escheat or custodial taking of the property, or do not show the State in which the instrument was purchased.
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