District of Columbia § 41-156.04 Effect of payment or delivery of property to Administrator.

District of Columbia Statutes

§ 41-156.04 — Effect of payment or delivery of property to Administrator.

District of Columbia § 41-156.04

Title 41Personal Property.

Ch. 1ARevised Uniform Unclaimed Property Act.

Subch. VITaking Custody of Property by Administrator.

This text of District of Columbia § 41-156.04 (Effect of payment or delivery of property to Administrator.) 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 § 41-156.04 (2026).

Text

(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 .

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(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 .