Escheators
Purpose
Each escheator shall give bond for the judicial circuit for which he is appointed in the circuit court for the locality in which he resides, in the penalty of $3,000, and may continue in office until removed or until a successor is duly appointed and qualified. If property in another locality within the appointed judicial circuit escheats to the Commonwealth at the inquest hearing, the escheator shall give bond within that locality as determined by the clerk of the circuit court in the locality and in a penalty of a percentage of the assessed value of the property according to the records of the commissioner of the revenue. The bond must be obtained within ten days following the inquest hearing.
Term
No term information available
Composition
The Governor shall appoint one escheator for every judicial circuit as set forth in VA 17.1-506, to serve at the pleasure of the Governor. Such escheator shall reside within a circuit to which he is appointed.