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Home » US Law » 2019 US Virgin Islands Code » Title 28 - Property » Chapter 29 - Uniform Unclaimed Property Act

§ 673. Enforcement

The administrator may maintain an action in the Virgin Islands or another State to enforce this chapter. The court may award reasonable attorney’s fees to the prevailing party.

§ 675. Interest and penalties

(a) A holder who fails to report, pay, or deliver property within the time prescribed by this chapter shall pay to the administrator interest at the annual rate of nine percent on the property or value thereof from the date the property should have been reported, paid or delivered. (b) Except as otherwise provided in […]

§ 676. Agreement to locate property

(a) An agreement by an owner, the primary purpose of which is to locate, deliver, recover, or assist in the recovery of property that is presumed abandoned is void and unenforceable if it was entered into during the period commencing on the date the property was presumed abandoned and extending to a time that is […]

§ 677. Foreign transactions

This chapter does not apply to property held, due, and owing in a foreign country and arising out of a foreign transaction.

§ 678. Transitional provisions

(a) An initial report filed under this chapter for property that was not required to be reported before the effective date of this chapter but which is subject to this chapter must include all items of property that would have been presumed abandoned during the 10-year period next preceding the effective date of this chapter […]

§ 679. Rules

The administrator may adopt rules necessary to carry out this chapter.

§ 681. Severability clause

If any provision of this chapter or the application thereof to any person or circumstance is held invalid, the invalidity does not affect other provisions or applications of this chapter which can be given effect without the invalid provision or application, and to this end the provisions of this chapter are severable.