The Administrator may take custody of sums payable on a traveler's check, money order, or similar instrument presumed abandoned to the extent permissible under sections 601 through 603 of An Act To increase deposit insurance from $20,000 to $40,000, to provide full insurance for public unit deposits of $100,000 per account, to establish a National Commission on Electronic Fund Transfers, and for other purposes, approved October 28, 1974 (88 Stat. 1525; 12 U.S.C. §§ 2501-2503).
(Nov. 13, 2021, D.C. Law 24-45, § 7022, 68 DCR 010163.)
Structure District of Columbia Code
Chapter 1A - Revised Uniform Unclaimed Property Act
Subchapter III - Rules for Taking Custody of Property Presumed Abandoned
§ 41–153.01. Address of apparent owner to establish priority
§ 41–153.02. Address of apparent owner in the District
§ 41–153.03. If records show multiple addresses of apparent owner
§ 41–153.04. Holder domiciled in the District
§ 41–153.05. Custody if transaction took place in the District
§ 41–153.06. Traveler's check, money order, or similar instrument
§ 41–153.07. Burden of proof to establish Administrator's right to custody