Tangible property held in a safe-deposit box and proceeds from a sale of the property by the holder permitted by law of the District other than this chapter are presumed abandoned if the property remains unclaimed by the apparent owner 3 years after the earlier of the:
(1) Expiration of the lease or rental period for the box; or
(2) Earliest date when the lessor of the box is authorized by law of the District other than this chapter to enter the box and remove or dispose of the contents without consent or authorization of the lessee.
(Nov. 13, 2021, D.C. Law 24-45, § 7009, 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