Chap. 47.—An ACT to amend the Code of Virginia by adding a new section
numbered 5377-b, relating to the duties of fiduciaries with respect to obligations
of the United States payable to or collectible by other persons. [H 34]
Approved February 27, 1948
Be it enacted by the General Assembly of Virginia:
1. That the Code of Virginia be amended by adding a new
section numbered fifty-three hundred seventy-seven-b as follows:
Section 5377-b. Duties of fiduciaries with respect to certain
obligations of the United States.—Personal representatives and
other fiduciaries shall be under no obligation unless requested in
writing by some one in interest to assert claim to or seek to
recover the whole or any part of funds arising from the redemption
or payment of bonds of the United States of America, which are
paid or payable to others under applicable laws of the United States
or rules and regulations of the Treasury Department of the United
States made pursuant thereto.