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Current as of January 01, 2024 | Updated by Findlaw Staff
(a) If property other than money is delivered to the Administrator, the owner is entitled to receive from the Administrator income or gain realized or accrued on the property before the property is sold. If the property is an interest-bearing demand, savings, or time deposit that continues to earn interest after delivery to the Administrator, the owner is entitled to that interest before the property is sold. Interest begins to accrue when the property is delivered to the Administrator and ends on the earlier of the expiration of 10 years after its delivery or the date on which payment is made to the owner.
(b) Interest on interest-bearing property is not payable under this section for any period before November 13, 2021, unless authorized by § 41-121 [repealed].
Cite this article: FindLaw.com - District of Columbia Code Division VII. Property. § 41-156.07. Crediting income or gain to owner's account. - last updated January 01, 2024 | https://codes.findlaw.com/dc/division-vii-property/dc-code-sect-41-156-07/
FindLaw Codes may not reflect the most recent version of the law in your jurisdiction. Please verify the status of the code you are researching with the state legislature before relying on it for your legal needs.
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