District of Columbia § 41-157.02 Disposal of securities.

District of Columbia Statutes

§ 41-157.02 — Disposal of securities.

District of Columbia § 41-157.02

Title 41Personal Property.

Ch. 1ARevised Uniform Unclaimed Property Act.

Subch. VIISale of Property by Administrator.

This text of District of Columbia § 41-157.02 (Disposal of securities.) 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 § 41-157.02 (2026).

Text

(a)The Administrator may not sell or otherwise liquidate a security until 60 days after the Administrator receives the security and gives the apparent owner notice under § 41-155.03 that the Administrator holds the security.

(b)The Administrator may not sell a security listed on an established stock exchange for less than the price prevailing on the exchange at the time of sale. The Administrator may sell a security not listed on an established exchange by any commercially-reasonable method.

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(a) The Administrator may not sell or otherwise liquidate a security until 60 days after the Administrator receives the security and gives the apparent owner notice under § 41-155.03 that the Administrator holds the security.

(b) The Administrator may not sell a security listed on an established stock exchange for less than the price prevailing on the exchange at the time of sale. The Administrator may sell a security not listed on an established exchange by any commercially-reasonable method.