reglab/statecodes huggingface dataset:
2023 District of Columbia Code › Title 41 - Personal Property › Chapter 1A - Revised Uniform Unclaimed Property Act › Subchapter IV - Report by Holder › § 41–154.02. Content of report

§ 41–154.02. Content of report.
(a) The report required under § 41-154.01 shall:
(1) Be signed by or on behalf of the holder and verified as to its completeness and accuracy;
(2) If filed electronically, be in a secure format approved by the Administrator that protects confidential information of the apparent owner in the same manner as required of the Administrator and the Administrator's agent under subchapter XIV of this chapter;
(3) Describe the property;
(4) Except for a traveler's check, money order, or similar instrument, contain the name, if known, last-known address, if known, and Social Security number or taxpayer identification number, if known or readily ascertainable, of the apparent owner of property with a value of $50 or more;
(5) For an amount held or owing under a life or endowment insurance policy or annuity contract, contain the name and last-known address of the insured, annuitant or other apparent owner of the policy or contract and of the beneficiary;
(6) For property held in or removed from a safe-deposit box, indicate the location of the property, where it may be inspected by the Administrator, and any amounts owed to the holder under § 41-156.06;
(7) Contain the commencement date for determining abandonment under subchapter II of this chapter;
(8) State that the holder has complied with the notice requirements of § 41-155.01;
(9) Identify property that is a non-freely transferable security and explain why it is a non-freely transferable security; and
(10) Contain other information the Administrator prescribes by rules.
(b) A report under § 41-154.01 may include personal information as defined in § 41-164.01(a) about the apparent owner or the apparent owner's property to the extent not otherwise prohibited by federal law.
(c) If a holder has changed its name while holding property presumed abandoned or is a successor to another person that previously held the property for the apparent owner, the holder shall include in the report under § 41-154.01 its former name or the name of the previous holder, if any, and the known name and address of each previous holder of the property.
(Nov. 13, 2021, D.C. Law 24-45, § 7025, 68 DCR 010163.)
2023 District of Columbia Code › Title 41 - Personal Property › Chapter 1A - Revised Uniform Unclaimed Property Act › Subchapter IV - Report by Holder › § 41–154.03. When report to be filed

§ 41–154.03. When report to be filed.
(a) Except as otherwise provided in subsection (b) of this section and subject to subsection (c) of this section, the report under § 41-154.01 shall be filed before November 1 of each year and cover the 12 months preceding July 1 of that year.
(b) Subject to subsection (c) of this section, the report under § 41-154.01 to be filed by an insurance company shall be filed before May 1 of each year for the immediately preceding calendar year.
(c) Before the date for filing the report under § 41-154.01, the holder of property presumed abandoned may request the Administrator to extend the time for filing. The Administrator may grant an extension. If the extension is granted, the holder may pay or make a partial payment of the amount the holder estimates ultimately will be due. The payment or partial payment terminates accrual of interest on the amount paid.
(Nov. 13, 2021, D.C. Law 24-45, § 7026, 68 DCR 010163.)
2023 District of Columbia Code › Title 41 - Personal Property › Chapter 1A - Revised Uniform Unclaimed Property Act › Subchapter IV - Report by Holder › § 41–154.04. Retention of records by holder

§ 41–154.04. Retention of records by holder.
A holder required to file a report under § 41-154.01 shall retain records for 10 years after the later of the date the report was filed or the last date a timely report was due to be filed, unless a shorter period is provided by rule of the Administrator. The holder may satisfy the requirement to retain records under this section through an agent. The records shall contain:
(1) The information required to be included in the report;
(2) The date, place, and nature of the circumstances that gave rise to the property right;
(3) The amount or value of the property;
(4) The last address of the apparent owner, if known to the holder; and
(5) If the holder sells, issues, or provides to others for sale or issue in the District traveler's checks, money orders, or similar instruments, other than third-party bank checks, on which the holder is directly liable, a record of the instruments while they remain outstanding indicating the state and date of issue.
(Nov. 13, 2021, D.C. Law 24-45, § 7027, 68 DCR 010163.)
2023 District of Columbia Code › Title 41 - Personal Property › Chapter 1A - Revised Uniform Unclaimed Property Act › Subchapter IV - Report by Holder › § 41–154.05. Property reportable and payable or deliverable absent owner demand

§ 41–154.05. Property reportable and payable or deliverable absent owner demand.
Property is reportable and payable or deliverable under this chapter even if the owner fails to make demand or present an instrument or document otherwise required to obtain payment.
(Nov. 13, 2021, D.C. Law 24-45, § 7028, 68 DCR 010163.)
2023 District of Columbia Code › Title 41 - Personal Property › Chapter 1A - Revised Uniform Unclaimed Property Act › Subchapter V - Notice to Apparent Owner of Property Presumed Abandoned › § 41–155.01. Notice to apparent owner by holder

§ 41–155.01. Notice to apparent owner by holder.
(a) Subject to subsection (b) of this section, the holder of property presumed abandoned shall send to the apparent owner notice by first-class United States mail that complies with § 41-155.02 in a format acceptable to the Administrator not more than 180 days nor less than 60 days before filing the report under § 41-154.01 if:
(1) The holder has in its records an address for the apparent owner which the holder's records do not disclose to be invalid and is sufficient to direct the delivery of first-class United States mail to the apparent owner; and
(2) The value of the property is $50 or more.
(b) If an apparent owner has consented to receive electronic-mail delivery from the holder, the holder shall send the notice described in subsection (a) of this section both by first-class United States mail to the apparent owner's last-known mailing address and by electronic mail, unless the holder believes that the apparent owner's electronic-mail address is invalid.
(Nov. 13, 2021, D.C. Law 24-45, § 7029, 68 DCR 010163.)
2023 District of Columbia Code › Title 41 - Personal Property › Chapter 1A - Revised Uniform Unclaimed Property Act › Subchapter V - Notice to Apparent Owner of Property Presumed Abandoned › § 41–155.02. Contents of notice by holder

§ 41–155.02. Contents of notice by holder.
(a) Notice under § 41-155.01 shall contain a heading that reads substantially as follows:
"Notice. The District of Columbia requires us to notify you that your property may be transferred to the custody of the District of Columbia's Unclaimed Property Administrator if you do not contact us before (insert date that is 30 days after the date of this notice).".
(b) The notice under § 41-155.01 shall:
(1) Identify the nature and, except for property that does not have a fixed value, the value of the property that is the subject of the notice;
(2) State that the property will be turned over to the Administrator;
(3) State that after the property is turned over to the Administrator an apparent owner that seeks return of the property must file a claim with the Administrator;
(4) State that property that is not legal tender of the United States may be sold by the Administrator; and
(5) Provide instructions that the apparent owner must follow to prevent the holder from reporting and paying or delivering the property to the Administrator.
(Nov. 13, 2021, D.C. Law 24-45, § 7030, 68 DCR 010163.)
2023 District of Columbia Code › Title 41 - Personal Property › Chapter 1A - Revised Uniform Unclaimed Property Act › Subchapter V - Notice to Apparent Owner of Property Presumed Abandoned › § 41–155.03. Notice by Administrator

§ 41–155.03. Notice by Administrator.
(a) The Administrator shall make a reasonable effort to give notice to an apparent owner that property of the owner that is presumed to be abandoned is held by the Administrator under this chapter. The Administrator shall use available resources, including information services, to ascertain the mailing address of an apparent owner.
(b) Subject to subsection (a) of this section, the Administrator shall:
(1) Except as otherwise provided in paragraph (2) of this subsection, send written notice by first-class United States mail to each apparent owner of property valued at $50 or more held by the Administrator, unless the Administrator determines that a mailing by first-class United States mail would not be received by the apparent owner, and, in the case of a security held in an account for which the apparent owner had consented to receiving electronic mail from the holder, send notice by electronic mail if the electronic-mail address of the apparent owner is known to the Administrator instead of by first-class United States mail; or
(2) Send the notice to the apparent owner's electronic-mail address if the Administrator does not have a valid United States mail address for an apparent owner, but has an electronic-mail address that the Administrator does not know to be invalid.
(c) In addition to the notice under subsection (b) of this section, the Administrator shall:
(1) Publish every 6 months in at least one newspaper of general circulation in the District a notice with the following information:
(A) The total value of property received by the Administrator during the preceding 6-month period, taken from the reports under § 41-154.01;
(B) The total value of claims paid by the Administrator during the preceding 6-month period;
(C) The Internet web address of the unclaimed property website maintained by the Administrator;
(D) A telephone number and electronic-mail address to contact the Administrator to inquire about or claim property; and
(E) A statement that a person may access the Internet by a computer to search for unclaimed property and a computer may be available as a service to the public at a local public library; and
(2) Maintain a website or database accessible by the public and electronically searchable, which contains the names reported to the Administrator of all apparent owners for whom property is being held by the Administrator.
(d) The website or database maintained under subsection (c) of this section must include instructions for filing with the Administrator a claim to property and a printable claim form with instructions for its use.
(e) In addition to giving notice under subsections (b) and (c) of this section, the Administrator may use other printed publication, telecommunication, the Internet, or other media to inform the public of the existence of unclaimed property held by the Administrator.
(Nov. 13, 2021, D.C. Law 24-45, § 7031, 68 DCR 010163.)
2023 District of Columbia Code › Title 41 - Personal Property › Chapter 1A - Revised Uniform Unclaimed Property Act › Subchapter V - Notice to Apparent Owner of Property Presumed Abandoned › § 41–155.04. Cooperation among District officers and agencies to locate apparent owner

§ 41–155.04. Cooperation among District officers and agencies to locate apparent owner.
Unless prohibited by law of the District other than this chapter, on request of the Administrator, each officer, agency, board, commission, division, and department of the District and any body politic and corporate created by the District for a public purpose shall make its books and records available to the Administrator and cooperate with the Administrator to determine the current address of an apparent owner of property held by the Administrator under this chapter.
(Nov. 13, 2021, D.C. Law 24-45, § 7032, 68 DCR 010163.)
2023 District of Columbia Code › Title 41 - Personal Property › Chapter 1A - Revised Uniform Unclaimed Property Act › Subchapter VI - Taking Custody of Property by Administrator › § 41–156.01. Definition of good faith

§ 41–156.01. Definition of good faith.
In this subchapter, payment or delivery of property is made in good faith if a holder:
(1) Had a reasonable basis for believing, based on the facts then known, that the property was required or permitted to be paid or delivered to the Administrator under this chapter; or
(2) Made payment or delivery:
(A) In response to a demand by the Administrator or Administrator's agent; or
(B) Under a guidance or ruling issued by the Administrator which the holder reasonably believed required or permitted the property to be paid or delivered.
(Nov. 13, 2021, D.C. Law 24-45, § 7033, 68 DCR 010163.)
2023 District of Columbia Code › Title 41 - Personal Property › Chapter 1A - Revised Uniform Unclaimed Property Act › Subchapter VI - Taking Custody of Property by Administrator › § 41–156.02. Dormancy charge

§ 41–156.02. Dormancy charge.
(a) A holder may deduct a dormancy charge from property required to be paid or delivered to the Administrator if:
(1) A valid contract between the holder and the apparent owner authorizes imposition of the charge for the apparent owner's failure to claim the property within a specified time; and
(2) The holder regularly imposes the charge and regularly does not reverse or otherwise cancel the charge.
(b) The amount of the deduction under subsection (a) of this section is limited to an amount that is not unconscionable considering all relevant factors, including the marginal transactional costs incurred by the holder in maintaining the apparent owner's property and any services received by the apparent owner. A deduction of $10 a year for maintaining property valued at $50 or less, or $20 a year for maintaining property valued at more than $50, or other amounts established by the Administrator by rule, is not unconscionable, although a higher charge, if permitted under subsection (a) of this section, may be proper considering all relevant factors.
(Nov. 13, 2021, D.C. Law 24-45, § 7034, 68 DCR 010163.)
2023 District of Columbia Code › Title 41 - Personal Property › Chapter 1A - Revised Uniform Unclaimed Property Act › Subchapter VI - Taking Custody of Property by Administrator › § 41–156.03. Payment or delivery of property to Administrator

§ 41–156.03. Payment or delivery of property to Administrator.
(a) Except as otherwise provided in this section, on filing a report under § 41-154.01, the holder shall pay or deliver to the Administrator the property described in the report.
(b) If property in a report under § 41-154.01 is an automatically renewable deposit and a penalty or forfeiture in the payment of interest would result from paying the deposit to the Administrator at the time of the report, the date for payment of the property to the Administrator is extended until a penalty or forfeiture no longer would result from payment, if the holder informs the Administrator of the extended date.
(c) Tangible property in a safe-deposit box may not be delivered to the Administrator until 120 days after filing the report under § 41-154.01.
(d) If property reported to the Administrator under § 41-154.01 is a security, the Administrator may:
(1) Make an endorsement, instruction, or entitlement order on behalf of the apparent owner to invoke the duty of the issuer, its transfer agent, or the securities intermediary to transfer the security; or
(2) Dispose of the security under § 41-157.02.
(e) If the holder of property reported to the Administrator under § 41-154.01 is the issuer of a certificated security, the Administrator may obtain a replacement certificate in physical or book-entry form under § 28:8-405. An indemnity bond is not required.
(f) The Administrator shall establish procedures for the registration, issuance, method of delivery, transfer, and maintenance of securities delivered to the Administrator by a holder.
(g) An issuer, holder, and transfer agent or other person acting under this section under instructions of and on behalf of the issuer or holder is not liable to the apparent owner for, and shall be paid by the Administrator for the value of the property turned over to the Administrator by the District against, a claim arising with respect to property after the property has been delivered to the Administrator.
(h) A holder is not required to deliver to the Administrator a security identified by the holder as a non-freely transferable security. If the Administrator or holder determines that a security is no longer a non-freely transferable security, the holder shall deliver the security on the next regular date prescribed for delivery of securities under this chapter. The holder shall make a determination annually whether a security identified in a report filed under § 41-154.01 as a non-freely transferable security is no longer a non-freely transferable security.
(Nov. 13, 2021, D.C. Law 24-45, § 7035, 68 DCR 010163.)
2023 District of Columbia Code › Title 41 - Personal Property › Chapter 1A - Revised Uniform Unclaimed Property Act › Subchapter VI - Taking Custody of Property by Administrator › § 41–156.04. Effect of payment or delivery of property to Administrator

§ 41–156.04. Effect of payment or delivery of property to Administrator.
(a) On payment or delivery of property to the Administrator under this chapter, the Administrator as agent for the District assumes custody and responsibility for safekeeping the property. A holder that pays or delivers property to the Administrator in good faith and substantially complies with §§ 41-155.01 and 41-155.02 is relieved of liability arising thereafter with respect to payment or delivery of the property to the Administrator.
(b) A holder is not liable for a claim against the holder resulting from the payment or delivery of property to the Administrator made in good faith and after the holder substantially complied with §§ 41-155.01 and 41-155.02.
(Nov. 13, 2021, D.C. Law 24-45, § 7036, 68 DCR 010163.)
2023 District of Columbia Code › Title 41 - Personal Property › Chapter 1A - Revised Uniform Unclaimed Property Act › Subchapter VI - Taking Custody of Property by Administrator › § 41–156.06. Property removed from safe-deposit box

§ 41–156.06. Property removed from safe-deposit box.
(a) Property removed from a safe-deposit box and delivered under this chapter to the Administrator under this chapter is subject to the holder's right to reimbursement for the cost of opening the box and a lien or contract providing reimbursement to the holder for unpaid rent charges for the box, provided that the holder makes a request under subsection (b) of this section.
(b) The Administrator shall reimburse the holder from the proceeds remaining after deducting the expense incurred by the Administrator in selling the property, if the holder makes a request for reimbursement after property from the safe deposit box is delivered to the Administrator.
(Nov. 13, 2021, D.C. Law 24-45, § 7038, 68 DCR 010163.)
2023 District of Columbia Code › Title 41 - Personal Property › Chapter 1A - Revised Uniform Unclaimed Property Act › Subchapter VI - Taking Custody of Property by Administrator › § 41–156.07. Crediting income or gain to owner's account

§ 41–156.07. Crediting income or gain to owner's account.
(a) If property other than money is delivered to the Administrator, the owner is entitled to receive from the Administrator income or gain realized or accrued on the property before the property is sold. If the property is an interest-bearing demand, savings, or time deposit that continues to earn interest after delivery to the Administrator, the owner is entitled to that interest before the property is sold. Interest begins to accrue when the property is delivered to the Administrator and ends on the earlier of the expiration of 10 years after its delivery or the date on which payment is made to the owner.
(b) Interest on interest-bearing property is not payable under this section for any period before November 13,2021, unless authorized by § 41-121 [repealed].
(Nov. 13, 2021, D.C. Law 24-45, § 7039, 68 DCR 010163.)
2023 District of Columbia Code › Title 41 - Personal Property › Chapter 1A - Revised Uniform Unclaimed Property Act › Subchapter VI - Taking Custody of Property by Administrator › § 41–156.08. Administrator's options as to custody

§ 41–156.08. Administrator's options as to custody.
(a) The Administrator may decline to take custody of property reported under § 41-154.01 if the Administrator determines that:
(1) The property has a value less than the estimated expenses of notice and sale of the property; or
(2) Taking custody of the property would be unlawful.
(b) A holder may pay or deliver property to the Administrator before the property is presumed abandoned under this chapter if the holder:
(1) Sends the apparent owner of the property notice required by § 41-155.01 and provides the Administrator evidence of the holder's compliance with this paragraph;
(2) Includes with the payment or delivery a report regarding the property conforming to § 41-154.02; and
(3) First obtains the Administrator's consent in a record to accept payment or delivery.
(c) A holder's request for the Administrator's consent under subsection (b)(3) of this section shall be in a record. If the Administrator fails to respond to the request not later than 30 days after receipt of the request, the Administrator is deemed to consent to the payment or delivery of the property and the payment or delivery is considered to have been made in good faith.
(d) On payment or delivery of property under subsection (b) of this section, the property is presumed abandoned.
(Nov. 13, 2021, D.C. Law 24-45, § 7040, 68 DCR 010163.)
2023 District of Columbia Code › Title 41 - Personal Property › Chapter 1A - Revised Uniform Unclaimed Property Act › Subchapter VI - Taking Custody of Property by Administrator › § 41–156.09. Disposition of property having no substantial value; immunity from liability

§ 41–156.09. Disposition of property having no substantial value; immunity from liability.
(a) If the Administrator takes custody of property delivered under this chapter and later determines that the property has no substantial commercial value or that the cost of disposing of the property will exceed the value of the property, the Administrator may return the property to the holder or destroy or otherwise dispose of the property.
(b) An action or proceeding may not be commenced against the District, an agency of the District, the Administrator, another officer, employee, or agent of the District, or a holder for or because of an act of the Administrator under this section, except for intentional misconduct or malfeasance.
(Nov. 13, 2021, D.C. Law 24-45, § 7041, 68 DCR 010163.)
2023 District of Columbia Code › Title 41 - Personal Property › Chapter 1A - Revised Uniform Unclaimed Property Act › Subchapter VI - Taking Custody of Property by Administrator › § 41–156.10. Periods of limitation and repose

§ 41–156.10. Periods of limitation and repose.
(a) Expiration, before, on, or after November 13, 2021, of a period of limitation on an owner's right to receive or recover property, whether specified by contract, statute, or court order, does not prevent the property from being presumed abandoned or affect the duty of a holder under this chapter to file a report or pay or deliver property to the Administrator.
(b) The Administrator may not commence an action or proceeding to enforce this chapter with respect to the reporting, payment, or delivery of property more than 10 years after the holder filed a non-fraudulent report under § 41-154.01 with the Administrator. The parties may agree in a record to extend the limitation in this subsection.
(c) The Administrator may not commence an action, proceeding, or examination with respect to a duty of a holder under this chapter more than 10 years after the duty arose.
(Nov. 13, 2021, D.C. Law 24-45, § 7042, 68 DCR 010163.)
2023 District of Columbia Code › Title 41 - Personal Property › Chapter 1A - Revised Uniform Unclaimed Property Act › Subchapter VII - Sale of Property by Administrator › § 41–157.01. Public sale of property

§ 41–157.01. Public sale of property.
(a) Subject to § 41-157.02, not earlier than one year after receipt of property presumed abandoned, the Administrator may sell the property.
(b) Before selling property under subsection (a) of this section, the Administrator shall give notice to the public of:
(1) The date of the sale; and
(2) A reasonable description of the property.
(c) A sale under subsection (a) of this section shall be to the highest bidder:
(1) At public sale at a location in the District which the Administrator determines to be the most favorable market for the property;
(2) On the Internet; or
(3) On another forum the Administrator determines is likely to yield the highest net proceeds of sale.
(d) The Administrator may decline the highest bid at a sale under this section and reoffer the property for sale if the Administrator determines the highest bid is insufficient.
(e) If a sale held under this section is to be conducted other than on the Internet, the Administrator shall publish at least one notice of the sale, at least 3 weeks but not more than 5 weeks before the sale, in a newspaper of general circulation in the District of Columbia.
(Nov. 13, 2021, D.C. Law 24-45, § 7043, 68 DCR 010163.)
2023 District of Columbia Code › Title 41 - Personal Property › Chapter 1A - Revised Uniform Unclaimed Property Act › Subchapter VII - Sale of Property by Administrator › § 41–157.02. Disposal of securities

§ 41–157.02. Disposal of securities.
(a) The Administrator may not sell or otherwise liquidate a security until 60 days after the Administrator receives the security and gives the apparent owner notice under § 41-155.03 that the Administrator holds the security.
(b) The Administrator may not sell a security listed on an established stock exchange for less than the price prevailing on the exchange at the time of sale. The Administrator may sell a security not listed on an established exchange by any commercially-reasonable method.
(Nov. 13, 2021, D.C. Law 24-45, § 7044, 68 DCR 010163.)
2023 District of Columbia Code › Title 41 - Personal Property › Chapter 1A - Revised Uniform Unclaimed Property Act › Subchapter VII - Sale of Property by Administrator › § 41–157.03. Recovery of securities or value by owner

§ 41–157.03. Recovery of securities or value by owner.
(a) If the Administrator sells a security before the expiration of 60 days after delivery of the security to the Administrator, an apparent owner that files a valid claim under this chapter of ownership of the security before the 60-day period expires is entitled, at the option of the Administrator, to receive:
(1) Replacement of the security; or
(2) The market value of the security at the time the claim is filed, plus dividends, interest, and other increments on the security up to the time the claim is paid.
(b) Replacement of the security or calculation of market value under subsection (a) of this section shall take into account a stock split, reverse stock split, stock dividend, or similar corporate action.
(c) A person that makes a valid claim under this chapter of ownership of a security after expiration of 60 days after delivery of the security to the Administrator is entitled to receive:
(1) The security the holder delivered to the Administrator, if it is in the custody of the Administrator, plus dividends, interest, and other increments on the security up to the time the Administrator delivers the security to the person; or
(2) The net proceeds of the sale of the security, plus dividends, interest, and other increments on the security up to the time the security was sold.
(Nov. 13, 2021, D.C. Law 24-45, § 7045, 68 DCR 010163.)
2023 District of Columbia Code › Title 41 - Personal Property › Chapter 1A - Revised Uniform Unclaimed Property Act › Subchapter VII - Sale of Property by Administrator › § 41–157.04. Purchaser owns property after sale

§ 41–157.04. Purchaser owns property after sale.
A purchaser of property at a sale conducted by the Administrator under this chapter takes the property free of all claims of the owner, a previous holder, or a person claiming through the owner or holder. The Administrator shall execute documents necessary to complete the transfer of ownership to the purchaser.
(Nov. 13, 2021, D.C. Law 24-45, § 7046, 68 DCR 010163.)
2023 District of Columbia Code › Title 41 - Personal Property › Chapter 1A - Revised Uniform Unclaimed Property Act › Subchapter VII - Sale of Property by Administrator › § 41–157.05. Military medal or decoration

§ 41–157.05. Military medal or decoration.
(a) The Administrator may not sell a medal or decoration awarded for military service in the armed forces of the United States.
(b) The Administrator, with the consent of the respective organization under paragraph (1) of this subsection, agency under paragraph (2) of this subsection, or entity under paragraph (3) of this subsection, may deliver a medal or decoration described in subsection (a) of this section to be held in custody for the owner, to:
(1) A military veterans organization qualified under section 501(c)(19) of the Internal Revenue Code of 1986, approved August 16, 1954 (68A Stat. 163; 26 U.S.C. § 501(c)(19));
(2) The agency that awarded the medal or decoration; or
(3) A governmental entity.
(c) On delivery under subsection (b) of this section, the Administrator is not responsible for safekeeping the medal or decoration.
(Nov. 13, 2021, D.C. Law 24-45, § 7047, 68 DCR 010163.)
2023 District of Columbia Code › Title 41 - Personal Property › Chapter 1A - Revised Uniform Unclaimed Property Act › Subchapter VIII - Administration of Property › § 41–158.01. Deposit of funds by Administrator

§ 41–158.01. Deposit of funds by Administrator.
(a) The Administrator shall deposit all funds received under this chapter, including proceeds from the sale of property under subchapter VII of this chapter, into an account in the General Fund designated the Unclaimed Property Account. For each fiscal year, the Administrator shall designate an amount in the Unclaimed Property Account to be held for the payment of claims that reflects the Administrator's reasonable estimate of the value of claims that will be asserted under this chapter during the fiscal year. Funds in the Unclaimed Property Account that exceed this designated amount may be used to pay the costs of administering the unclaimed property program established in this chapter and to satisfy the District's cash flow needs during the fiscal year.
(b) All assets, liabilities, and unexpended balances of funds in the trust fund created by § 41-123, shall be transferred to the Unclaimed Property Account established under subsection (a) of this section on the October 1, 2021.
(Nov. 13, 2021, D.C. Law 24-45, § 7048, 68 DCR 010163.)
2023 District of Columbia Code › Title 41 - Personal Property › Chapter 1A - Revised Uniform Unclaimed Property Act › Subchapter VIII - Administration of Property › § 41–158.02. Administrator to retain records of property

§ 41–158.02. Administrator to retain records of property.
The Administrator shall:
(1) Record and retain the name and last-known address of each person shown on a report filed under § 41-154.01 to be the apparent owner of property delivered to the Administrator;
(2) Record and retain the name and last-known address of each insured or annuitant and beneficiary shown on the report;
(3) For each policy of insurance or annuity contract listed in the report of an insurance company, record and retain the policy or account number, the name of the company, and the amount due or paid; and
(4) For each apparent owner listed in the report, record and retain the name of the holder that filed the report and the amount due or paid.
(Nov. 13, 2021, D.C. Law 24-45, § 7049, 68 DCR 010163.)
2023 District of Columbia Code › Title 41 - Personal Property › Chapter 1A - Revised Uniform Unclaimed Property Act › Subchapter VIII - Administration of Property › § 41–158.03. Expenses and service charges of Administrator

§ 41–158.03. Expenses and service charges of Administrator.
Before making a deposit of funds received under this chapter to the General Fund of the District, the Administrator may deduct:
(1) Expenses of disposition of property delivered to the Administrator under this chapter;
(2) Costs of mailing and publication in connection with property delivered to the Administrator under this chapter;
(3) Reasonable service charges; and
(4) Expenses incurred in examining records of or collecting property from a putative holder or holder.
(Nov. 13, 2021, D.C. Law 24-45, § 7050, 68 DCR 010163.)
2023 District of Columbia Code › Title 41 - Personal Property › Chapter 1A - Revised Uniform Unclaimed Property Act › Subchapter VIII - Administration of Property › § 41–158.04. Administrator holds property as custodian for owner

§ 41–158.04. Administrator holds property as custodian for owner.
Property received by the Administrator under this chapter is held in custody for the benefit of the owner and is not owned by the District.
(Nov. 13, 2021, D.C. Law 24-45, § 7051, 68 DCR 010163.)
2023 District of Columbia Code › Title 41 - Personal Property › Chapter 1A - Revised Uniform Unclaimed Property Act › Subchapter IX - Claim to Recover Property from Administrator › § 41–159.01. Claim of another state to recover property

§ 41–159.01. Claim of another state to recover property.
(a) If the Administrator knows that property held by the Administrator under this chapter is subject to a superior claim of another state, the Administrator shall:
(1) Report and pay or deliver the property to the other state; or
(2) Return the property to the holder so that the holder may pay or deliver the property to the other state.
(b) The Administrator is not required to enter into an agreement to transfer property to the other state under subsection (a) of this section.
(Nov. 13, 2021, D.C. Law 24-45, § 7052, 68 DCR 010163.)
2023 District of Columbia Code › Title 41 - Personal Property › Chapter 1A - Revised Uniform Unclaimed Property Act › Subchapter IX - Claim to Recover Property from Administrator › § 41–159.02. When property subject to recovery by another state

§ 41–159.02. When property subject to recovery by another state.
(a) Property held under this chapter by the Administrator is subject to the right of another state to take custody of the property if:
(1) The property was paid or delivered to the Administrator because the records of the holder did not reflect a last-known address in the other state of the apparent owner and:
(A) The other state establishes that the last-known address of the apparent owner or other person entitled to the property was in the other state; or
(B) Under the law of the other state, the property has become subject to a claim by the other state of abandonment;
(2) The records of the holder did not accurately identify the owner of the property, the last-known address of the owner was in another state, and, under the law of the other state, the property has become subject to a claim by the other state of abandonment;
(3) The property was subject to the custody of the Administrator of the District under § 41-153.05 and, under the law of the state of domicile of the holder, the property has become subject to a claim by the state of domicile of the holder of abandonment; or
(4) The property:
(A) Is a sum payable on a traveler's check, money order, or similar instrument that was purchased in the other state and delivered to the Administrator under § 41-153.06; and
(B) Under the law of the other state, has become subject to a claim by the other state of abandonment.
(b) A claim by another state to recover property under this section shall be presented in a form prescribed by the Administrator, unless the Administrator waives presentation of the form.
(c) The Administrator shall decide a claim under this section not later than 90 days after it is presented. If the Administrator determines that the other state is entitled under subsection (a) of this section to custody of the property, the Administrator shall allow the claim and pay or deliver the property to the other state.
(d) The Administrator may require another state, before recovering property under this section, to agree to indemnify the District and its agents, officers, and employees against any liability on a claim to the property.
(Nov. 13, 2021, D.C. Law 24-45, § 7053, 68 DCR 010163.)
2023 District of Columbia Code › Title 41 - Personal Property › Chapter 1A - Revised Uniform Unclaimed Property Act › Subchapter IX - Claim to Recover Property from Administrator › § 41–159.03. Claim for property by person claiming to be owner

§ 41–159.03. Claim for property by person claiming to be owner.
(a) A person claiming to be the owner of property held under this chapter by the Administrator may file a claim for the property on a form prescribed by the Administrator. The claimant shall verify the claim as to its completeness and accuracy.
(b) The Administrator may waive the requirement in subsection (a) of this section and may pay or deliver property directly to a person if:
(1) The person receiving the property or payment is shown to be the apparent owner included on a report filed under § 41-154.01;
(2) The Administrator reasonably believes the person is entitled to receive the property or payment; and
(3) The property has a value of less than $500.
(Nov. 13, 2021, D.C. Law 24-45, § 7054, 68 DCR 010163.)
2023 District of Columbia Code › Title 41 - Personal Property › Chapter 1A - Revised Uniform Unclaimed Property Act › Subchapter IX - Claim to Recover Property from Administrator › § 41–159.04. When Administrator must honor claim for property

§ 41–159.04. When Administrator must honor claim for property.
(a) The Administrator shall pay or deliver property to a claimant under § 41-159.03(a) if the Administrator receives evidence sufficient to establish to the satisfaction of the Administrator that the claimant is the owner of the property.
(b) Not later than 90 days after a claim is filed under § 41-159.03(a), the Administrator shall allow or deny the claim and give the claimant notice in a record of the decision.
(c) If the claim is denied under subsection (b) of this section:
(1) The Administrator shall inform the claimant of the reason for the denial and specify what additional evidence, if any, is required for the claim to be allowed;
(2) The claimant may file an amended claim with the Administrator or commence an action under § 41-159.06; and
(3) The Administrator shall consider an amended claim filed under paragraph (2) of this subsection as an initial claim.
(d) If the Administrator does not take action on a claim during the 90-day period following the filing of a claim under § 41-159.03(a), the claim is deemed denied.
(Nov. 13, 2021, D.C. Law 24-45, § 7055, 68 DCR 010163.)
2023 District of Columbia Code › Title 41 - Personal Property › Chapter 1A - Revised Uniform Unclaimed Property Act › Subchapter IX - Claim to Recover Property from Administrator › § 41–159.05. Allowance of claim for property by the District

§ 41–159.05. Allowance of claim for property by the District.
(a) Not later than 45 days after a claim is allowed under § 41-159.04(b), the Administrator shall pay or deliver to the owner the property or pay to the owner the net proceeds of a sale of the property, together with income or gain to which the owner is entitled under § 41-156.07. On request of the owner, the Administrator may sell or liquidate a security and pay the net proceeds to the owner, even if the security had been held by the Administrator for less than 60 days or the Administrator has not complied with the notice requirements under § 41-157.02.
(b) Property held under this chapter by the Administrator is subject to a claim for the payment of an enforceable debt the owner owes to the District for:
(1) Child-support arrearages, including any child-support collection costs and child-support arrearages that are combined with maintenance;
(2) A civil or criminal fine or penalty, court costs, a surcharge, or restitution imposed by a final order of an administrative agency or a final court judgment; or
(3) District taxes, penalties, and interest that have been determined to be delinquent, including delinquent debts under subchapter XVII of Chapter 3 of Title 1, and collection fees owed to the Central Collection Unit under section 3800 of Title 9 of the District of Columbia Municipal Regulations (9 DCMR § 3800).
(c) Before delivery or payment to an owner under subsection (a) of this section of property or payment to the owner of net proceeds of a sale of the property, the Administrator first shall apply the property or net proceeds to a debt under subsection (b) of this section the Administrator determines is owed by the owner. The Administrator shall pay the amount to the appropriate District agency and notify the owner of the payment, unless another District agency is required to notify the owner of the payment.
(d) The Administrator may make periodic inquiries of District agencies in the absence of a claim filed under § 41-159.03 to determine whether an apparent owner included in the unclaimed-property records of the District has an enforceable debt described in subsection (b) of this section. The Administrator first shall apply the property or net proceeds of a sale of property held by the Administrator to a debt under subsection (b) of this section of an apparent owner which appears in the records of the Administrator and deliver the amount to the appropriate District agency. The Administrator shall notify the apparent owner of the payment, unless another District agency is required to notify the owner of the payment.
(Nov. 13, 2021, D.C. Law 24-45, § 7056, 68 DCR 010163.)
2023 District of Columbia Code › Title 41 - Personal Property › Chapter 1A - Revised Uniform Unclaimed Property Act › Subchapter IX - Claim to Recover Property from Administrator › § 41–159.06. Action by person whose claim is denied

§ 41–159.06. Action by person whose claim is denied.
Not later than one year after filing a claim under § 41-159.03(a), the claimant may commence an action against the Administrator in the Superior Court to establish a claim that has been denied or deemed denied under [§ 41-159.03].
(Nov. 13, 2021, D.C. Law 24-45, § 7057, 68 DCR 010163.)
2023 District of Columbia Code › Title 41 - Personal Property › Chapter 1A - Revised Uniform Unclaimed Property Act › Subchapter X - Verified Report of Property; Examination of Records › § 41–160.01. Verified report of property

§ 41–160.01. Verified report of property.
If a person does not file a report required by § 41-154.01 or the Administrator believes that a person may have filed an inaccurate, incomplete, or false report, the Administrator may require the person to file a verified report in a form prescribed by the Administrator. The verified report shall:
(1) State whether the person is holding property reportable under this chapter;
(2) Describe property not previously reported or about which the Administrator has inquired;
(3) Specifically identify property described under paragraph (2) of this section about which there is a dispute about whether it is reportable under this chapter; and
(4) State the amount or value of the property.
(Nov. 13, 2021, D.C. Law 24-45, § 7058, 68 DCR 010163.)
2023 District of Columbia Code › Title 41 - Personal Property › Chapter 1A - Revised Uniform Unclaimed Property Act › Subchapter X - Verified Report of Property; Examination of Records › § 41–160.02. Examination of records to determine compliance

§ 41–160.02. Examination of records to determine compliance.
The Administrator, at reasonable times and on reasonable notice, may:
(1) Examine the records of a person, including examination of appropriate records in the possession of an agent of the person under examination, if the records are reasonably necessary to determine whether the person has complied with this chapter;
(2) Apply to the Superior Court for the issuance of a subpoena requiring the person or agent of the person to make records available for examination; and
(3) Request that the Attorney General bring an action seeking judicial enforcement of the subpoena.
(Nov. 13, 2021, D.C. Law 24-45, § 7059, 68 DCR 010163.)
2023 District of Columbia Code › Title 41 - Personal Property › Chapter 1A - Revised Uniform Unclaimed Property Act › Subchapter X - Verified Report of Property; Examination of Records › § 41–160.03. Rules for conducting examination

§ 41–160.03. Rules for conducting examination.
(a) The Administrator shall adopt rules governing procedures and standards for an examination under § 41-160.02, including rules for use of an estimation, extrapolation, and statistical sampling in conducting an examination.
(b) An examination under § 41-160.02 shall be performed under rules adopted under subsection (a) of this section and with generally accepted examination practices and standards applicable to an unclaimed-property examination.
(c) If a person subject to examination under § 41-160.02 has filed the reports required under §§ 41-154.01 and 41-160.01 and has retained the records required by § 41-154.04, the following rules apply:
(1) The examination shall include a review of the person's records.
(2) The examination may not be based on an estimate unless the person expressly consents in a record to the use of an estimate.
(3) The person conducting the examination shall consider the evidence presented in good faith by the person in preparing the findings of the examination under § 41-160.07.
(Nov. 13, 2021, D.C. Law 24-45, § 7060, 68 DCR 010163.)
2023 District of Columbia Code › Title 41 - Personal Property › Chapter 1A - Revised Uniform Unclaimed Property Act › Subchapter X - Verified Report of Property; Examination of Records › § 41–160.04. Records obtained in examination

§ 41–160.04. Records obtained in examination.
Records obtained and records, including work papers, compiled by the Administrator in the course of conducting an examination under § 41-158.02:
(1) Are subject to the confidentiality and security provisions of subchapter XIV of this chapter and are not public records;
(2) May be used by the Administrator in an action to collect property or otherwise enforce this chapter;
(3) May be used in a joint examination conducted with another state, the United States, a foreign country or subordinate unit of a foreign country, or any other governmental entity if the governmental entity conducting the examination is legally bound to maintain the confidentiality and security of information obtained from a person subject to examination in a manner substantially equivalent to subchapter XIV of this chapter;
(4) Shall be disclosed, on request, to the person that administers the unclaimed property law of another state for that state's use in circumstances equivalent to circumstances described in this subchapter, if the other state is required to maintain the confidentiality and security of information obtained in a manner substantially equivalent to subchapter XIV of this chapter;
(5) Shall be produced by the Administrator under an administrative or judicial subpoena or administrative or court order; and
(6) Shall be produced by the Administrator on request of the person subject to the examination in an administrative or judicial proceeding relating to the property.
(Nov. 13, 2021, D.C. Law 24-45, § 7061, 68 DCR 010163.)