D.C. Code § 41-152.06
This is the official text of D.C. Code § 41-152.06, part of District of Columbia’s Code — part of the compiled statutory law of District of Columbia, published by the state as "Code." Browse the sections below, each linked to its official government source.
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§ 41-152.06. When stored-value card presumed abandoned.
Official statutory text
(a) Subject to § 41-152.10 , 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.
(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.
Status: in_force · Read it on the official government site
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