(a) Except as provided in subsection (b) of this section and unless the Mayor provides otherwise by rule, every holder required to file a report under § 41-117 shall, as to any property for which it has obtained the address of the owner, maintain a record of the name and address of the owner for 10 years after the date the property may have become reportable.

(b) Any business association that sells in the District traveler's checks, money orders, or other similar written instruments, other than 3rd party bank checks on which the business association is directly liable or that provides those traveler's checks, money orders, or similar written instruments to others for sale in the District, shall maintain a record of such instruments while they remain outstanding indicating the state and date of issue for 3 years after the date the property may have become reportable. The record may be destroyed after the record has been retained for such reasonable time as the Mayor by rule shall designate.

CREDIT(S)

(Mar. 5, 1981, D.C. Law 3-160, § 132, 27 DCR 5150.)

HISTORICAL AND STATUTORY NOTES

Prior Codifications
1981 Ed., § 42-232.
Legislative History of Laws
For legislative history of D.C. Law 3-160, see Historical and Statutory Notes following § 41-101.
Uniform Law
This section is based upon § 31 of the Uniform Unclaimed Property Act (1981 Act). See 8B Uniform Laws Annotated, Master Edition, or ULA Database on WESTLAW.

(a) Except as provided in subsection (b) of this section and unless the Mayor provides otherwise by rule, every holder required to file a report under § 41-117 shall, as to any property for which it has obtained the address of the owner, maintain a record of the name and address of the owner for 10 years after the date the property may have become reportable.

(b) Any business association that sells in the District traveler's checks, money orders, or other similar written instruments, other than 3rd party bank checks on which the business association is directly liable or that provides those traveler's checks, money orders, or similar written instruments to others for sale in the District, shall maintain a record of such instruments while they remain outstanding indicating the state and date of issue for 3 years after the date the property may have become reportable. The record may be destroyed after the record has been retained for such reasonable time as the Mayor by rule shall designate.

CREDIT(S)

(Mar. 5, 1981, D.C. Law 3-160, § 132, 27 DCR 5150.)

HISTORICAL AND STATUTORY NOTES

Prior Codifications
1981 Ed., § 42-232.
Legislative History of Laws
For legislative history of D.C. Law 3-160, see Historical and Statutory Notes following § 41-101.
Uniform Law
This section is based upon § 31 of the Uniform Unclaimed Property Act (1981 Act). See 8B Uniform Laws Annotated, Master Edition, or ULA Database on WESTLAW.