CHAPTER 251
An Act to amend and reenact § 55-197 of the Code of Virginia, in order
to provide for a fee for services rendered by an escheator in the
recovery of property on behalf of the Commonwealth.
Se a
Be it enacted by the General Assembly of Virginia:
Ls That § 55-197 of the Code of Virginia be amended and reenacted as
ollows:
§ 55-197. The residuum of a decedent’s estate consisting either of
real or personal property, belonging to the Commonwealth, or subject to
escheat to the Commonwealth, and any property derelict, or having no
rightful owner, may be recovered from any person in possession thereof
by an escheator by a bill in equity in the name of the Commonwealth. For
his services in such recovery the escheator shall be entitled to such fee
as may be approved by the State Comptroller, but in no event shall such
fee exceed ten per cent of the value of such recovered property.