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District of Columbia · Through 2026-08-20 (D.C. Law 26-175)

D.C. Code § 29-312.40: Deposit with Mayor.

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Where this section sits in the code
  1. Title 29. Business Organizations. [Enacted title]
  2. Chapter 3. Business Corporations.
  3. Subchapter XII. Dissolution.
  4. Part C. Miscellaneous.

Assets of a dissolved corporation that should be transferred to a creditor, claimant, or shareholder of the corporation who cannot be found or who is not competent to receive them shall be reduced to cash and deposited with the Mayor for safekeeping. When the creditor, claimant, or shareholder furnishes satisfactory proof of entitlement to the amount deposited, the Mayor shall pay the person or the person’s representative that amount.

Collected 2026-08-29T05:44:07Z. Source file · JSON

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