District of Columbia § 41-156.07 Crediting income or gain to owner's account.

District of Columbia Statutes

§ 41-156.07 — Crediting income or gain to owner's account.

District of Columbia § 41-156.07

Title 41Personal Property.

Ch. 1ARevised Uniform Unclaimed Property Act.

Subch. VITaking Custody of Property by Administrator.

This text of District of Columbia § 41-156.07 (Crediting income or gain to owner's account.) 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 § 41-156.07 (2026).

Text

(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property is not payable under this section for any period before November 13,2021, unless authorized by § 41-121 [repealed].

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(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property is not payable under this section for any period before November 13,2021, unless authorized by § 41-121 [repealed].