District of Columbia § 41-156.02 Dormancy charge.

District of Columbia Statutes

§ 41-156.02 — Dormancy charge.

District of Columbia § 41-156.02

Title 41Personal Property.

Ch. 1ARevised Uniform Unclaimed Property Act.

Subch. VITaking Custody of Property by Administrator.

This text of District of Columbia § 41-156.02 (Dormancy charge.) is published on Counsel Stack Legal Research, covering District of Columbia primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

D.C. Code § 41-156.02 (2026).

Text

(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, o

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(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.