§ 6.1-107. Same; when publication of list of creditors unnecessary
If any bank or trust company under the circumstances referred to in the preceding section (§ 6.1-106) shall have been in liquidation for a period of more than ten years, and more than five years shall have elapsed since the date of the entry of the last court order directing the payment to creditors of dividends on or other payments of claims as therein ascertained and established, then it shall be unnecessary to publish a list of creditors to whom dividends or payments are due and unpaid and the amount thereof, and it shall only be necessary to publish a notice stating the total amount of dividends ordered paid and unclaimed and the fact that a list of such creditors may be seen at the office of the receiver, liquidating agent or other disbursing officer, and that any creditor who shall fail to apply to such disbursing official for payment of the amount due him within six months from the date of the last publication of such notice will be barred from his right thereafter to receive payment of amounts then due and from participation in any future dividends or payments which may thereafter be ordered.
(Code 1950, § 6-59; 1966, c. 584.)
Sections: Previous 6.1-100.1 6.1-101 6.1-102 6.1-103 6.1-104 6.1-105 6.1-106 6.1-107 6.1-108 6.1-109 6.1-110 6.1-110.1 6.1-110.2 6.1-110.3 6.1-110.4 NextLast modified: April 16, 2009