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Virginia · Through 9/4/2026 · Newer source version available

Va. Code § 6.2-923: When claims barred

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Where this section sits in the code
  1. Title 6.2. FINANCIAL INSTITUTIONS AND SERVICES
  2. Subtitle II. DEPOSITORY INSTITUTIONS AND TRUST ORGANIZATIONS
  3. Chapter 8. BANKS
  4. Article 13. RECEIVERSHIPS

After the lapse of six months from the date of the last publication of the notice prescribed by § 6.2-920, 6.2-921, or 6.2-922, the court shall enter an order barring the claims of all creditors who have not theretofore applied for payment of their claims. Thereafter, (i) no creditor who failed to apply for payment within such period shall bring or maintain any action, suit, or proceeding and (ii) no process shall issue, for the enforcement of any claim to dividends or payments previously ordered paid to such creditor. In addition, no such creditor shall participate in future dividends or payments thereafter ordered in the suit or petition to be paid. The court in which any such suit or petition is pending may, in its discretion, before final distribution and for good cause shown, reinstate any claim barred pursuant to the foregoing provisions of this section.Code 1950, § 6-61; 1966, c. 584, § 6.1-109; 2010, c. 794.

Collected 2026-09-04T15:12:34Z. Source file · JSON

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