D.C. Code § 41-152.06

Current through codified legislation effective September 18, 2024
Section 41-152.06 - When stored-value card presumed abandoned
(a) Subject to section 7014, the net card value of a stored-value card, other than a payroll card or a gift card, is presumed abandoned on the latest of 3 years after:
(1) December 31 of the year in which the card is issued or additional funds are deposited into it;
(2) The most recent indication of interest in the card by the apparent owner; or
(3) A verification or review of the balance by or on behalf of the apparent owner.
(b) The amount presumed abandoned in a stored-value card is the net card value at the time it is presumed abandoned.

D.C. Code § 41-152.06

Added by D.C. Law 24-45,§ VII-A-7010, 68 DCR 010163, eff. 11/13/2021.