Subject to § 41-152.10 and except for property described in § 41-152.02 and property held in a plan described in section 529A of the Internal Revenue Code of 1986, approved December 19, 2014 (128 Stat. 4056; 26 U.S.C. § 529A), property held in an account or plan, including a health savings account, that qualifies for tax deferral under the income-tax laws of the United States is presumed abandoned if it is unclaimed by the apparent owner 3 years after the earlier of:
(1) The date, if determinable by the holder, specified in the income-tax laws and regulations of the United States by which distribution of the property must begin to avoid a tax penalty, with no distribution having been made; or
(2) 30 years after the date the account was opened.
(Nov. 13, 2021, D.C. Law 24-45, § 7007, 68 DCR 010163.)
Structure District of Columbia Code
Chapter 1A - Revised Uniform Unclaimed Property Act
Subchapter II - Presumption of Abandonment
§ 41–152.01. When property is presumed abandoned
§ 41–152.02. When tax-deferred retirement account presumed abandoned
§ 41–152.03. When other tax-deferred account presumed abandoned
§ 41–152.04. When custodial account for minor presumed abandoned
§ 41–152.05. When contents of safe-deposit box presumed abandoned
§ 41–152.06. When stored-value card presumed abandoned
§ 41–152.07. When gift card presumed abandoned
§ 41–152.08. When security presumed abandoned
§ 41–152.09. When related property presumed abandoned
§ 41–152.10. Indication of apparent owner interest in property
§ 41–152.11. Knowledge of death of insured or annuitant
§ 41–152.12. Deposit account for proceeds of insurance policy or annuity contract