D.C. Code § 41-156.10

Current through codified emergency legislation effective July 18, 2024
Section 41-156.10 - Periods of limitation and repose
(a) Expiration, before, on, or after the effective date of this subtitle, of a period of limitation on an owner's right to receive or recover property, whether specified by contract, statute, or court order, does not prevent the property from being presumed abandoned or affect the duty of a holder under this subtitle to file a report or pay or deliver property to the Administrator.
(b) The Administrator may not commence an action or proceeding to enforce this subtitle with respect to the reporting, payment, or delivery of property more than 10 years after the holder filed a non-fraudulent report under section 7024 with the Administrator. The parties may agree in a record to extend the limitation in this subsection.
(c) The Administrator may not commence an action, proceeding, or examination with respect to a duty of a holder under this subtitle more than 10 years after the duty arose.

D.C. Code § 41-156.10

Added by D.C. Law 24-45,§ VII-A-7042, 68 DCR 010163, eff. 11/13/2021.