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

D.C. Code § 41-157.02: Disposal of securities.

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Where this section sits in the code
  1. Title 41. Personal Property.
  2. Chapter 1A. Revised Uniform Unclaimed Property Act.
  3. Subchapter VII. Sale of Property by Administrator.

(a)

The Administrator may not sell or otherwise liquidate a security until 60 days after the Administrator receives the security and gives the apparent owner notice under § 41-155.03 that the Administrator holds the security.

(b)

The Administrator may not sell a security listed on an established stock exchange for less than the price prevailing on the exchange at the time of sale. The Administrator may sell a security not listed on an established exchange by any commercially-reasonable method.

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

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