(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.
(Nov. 13, 2021, D.C. Law 24-45, § 7010, 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