All intangible personal property distributable in the course of a voluntary or involuntary dissolution of a business association, banking organization, or financial organization organized under the laws of or created in the District, that is unclaimed by the owner within 60 days after the date of final distribution, is presumed abandoned.

CREDIT(S)

(Mar. 5, 1981, D.C. Law 3-160, § 110, 27 DCR 5150; Sept. 29, 1992, D.C. Law 9-161, § 2(h), 39 DCR 5696.)

HISTORICAL AND STATUTORY NOTES

Prior Codifications
1981 Ed., § 42-210.
Legislative History of Laws
For legislative history of D.C. Law 3-160, see Historical and Statutory Notes following § 41-101.
For legislative history of D.C. Law 9-64, see Historical and Statutory Notes following § 41-103.
For legislative history of D.C. Law 9-161, see Historical and Statutory Notes following § 41-103.
Uniform Law
This section is based upon § 11 of the Uniform Unclaimed Property Act (1981 Act). See 8B Uniform Laws Annotated, Master Edition, or ULA Database on WESTLAW.

All intangible personal property distributable in the course of a voluntary or involuntary dissolution of a business association, banking organization, or financial organization organized under the laws of or created in the District, that is unclaimed by the owner within 60 days after the date of final distribution, is presumed abandoned.

CREDIT(S)

(Mar. 5, 1981, D.C. Law 3-160, § 110, 27 DCR 5150; Sept. 29, 1992, D.C. Law 9-161, § 2(h), 39 DCR 5696.)

HISTORICAL AND STATUTORY NOTES

Prior Codifications
1981 Ed., § 42-210.
Legislative History of Laws
For legislative history of D.C. Law 3-160, see Historical and Statutory Notes following § 41-101.
For legislative history of D.C. Law 9-64, see Historical and Statutory Notes following § 41-103.
For legislative history of D.C. Law 9-161, see Historical and Statutory Notes following § 41-103.
Uniform Law
This section is based upon § 11 of the Uniform Unclaimed Property Act (1981 Act). See 8B Uniform Laws Annotated, Master Edition, or ULA Database on WESTLAW.