Pub. L. 85-857, tit. 38, pt. VI, ch. 85, subch. II, sec. 5220

Vesting of property left by decedents

EnactedYear: 1958Length: 243 wordsOfficial source
§ 5220. Vesting of property left by decedents (a) Whenever any veteran (admitted as a veteran) shall die while a member or patient in any facility, or any hospital while being furnished care or treatment therein by the Veterans’ Administration, and shall not leave surviving him any spouse, next of kin, or heirs entitled, under the laws of his domicile, to his personal property as to which he dies intestate, all such property, including money and choses in action, owned by him at the time of death and not disposed of by will or otherwise, shall immediately vest in and become the property of the United States as trustee for the sole use and benefit of the General Post Fund (hereafter in this subchapter referred to as the “Fund”), a trust fund prescribed by section 725s (a)(45) of title 31. 72 Stat. 1260 (b) The provisions of subsection (a) are conditions precedent to the initial, and also to the further furnishing of care or treatment by the Veterans’ Administration in a facility or hospital. The acceptance and the continued acceptance of care or treatment by any veteran (admitted as a veteran to a Veterans’ Administration facility or hospital) shall constitute an acceptance of the provisions and conditions of this subchapter and have the effect of an assignment, effective at his death, of such assets in accordance with and subject to the provisions of this subchapter and regulations issued in accordance with this subchapter.
Pub. L. 85-857, tit. 38, pt. VI, ch. 85, subch. II, sec. 5220: Vesting of property left by decedents | Justis AI