District of Columbia Statutes
§ 41-158.01 — Deposit of funds by Administrator.
District of Columbia § 41-158.01
JurisdictionDistrict of Columbia
Title 41Personal Property.
Ch. 1ARevised Uniform Unclaimed Property Act.
Subch. VIIIAdministration of Property.
This text of District of Columbia § 41-158.01 (Deposit of funds by 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 § 41-158.01 (2026).
Text
(a)The Administrator shall deposit all funds received under this chapter , including proceeds from the sale of property under subchapter VII of this chapter , into an account in the General Fund designated the Unclaimed Property Account. For each fiscal year, the Administrator shall designate an amount in the Unclaimed Property Account to be held for the payment of claims that reflects the Administrator's reasonable estimate of the value of claims that will be asserted under this chapter during the fiscal year. Funds in the Unclaimed Property Account that exceed this designated amount may be used to pay the costs of administering the unclaimed property program established in this chapter and to satisfy the District's cash flow needs during the fiscal year.
(b)All assets, liabilities, an
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Nearby Sections
15
§ 41-101
Findings; purpose.§ 41-102
Definitions.§ 41-103
Property presumed abandoned.§ 41-111
Property held by fiduciaries.Cite This Page — Counsel Stack
Bluebook (online)
District of Columbia § 41-158.01, Counsel Stack Legal Research, https://law.counselstack.com/statute/dc/41-158.01.