{"data":{"id":"us-dc/d.c.-code-28-2962","jurisdiction":"us-dc","citation":"D.C. Code § 28-2962","heading":"Term and termination.","body":"(a)\nUnless otherwise provided in the account agreement, a special deposit terminates 5 years after the date the special deposit was first funded.\n\n(b)\nUnless otherwise provided in the account agreement, if the bank cannot identify or locate a beneficiary entitled to payment when the special deposit is terminated, and a balance remains in the special deposit, the bank shall pay the balance to the depositor or depositors as a beneficiary or beneficiaries.\n\n(c)\nA bank that pays the remaining balance as provided under subsection (b) of this section has no further obligation with respect to the special deposit.","path":["Title 28. Commercial Instruments and Transactions. [Enacted title]","Chapter 29A. Uniform Special Deposits."],"source_url":"https://code.dccouncil.gov/us/dc/council/code/sections/28-2962","current_through":"2026-08-20 (D.C. Law 26-175)","vintage":"","retrieved_at":"2026-08-29T05:44:07Z","sha256":"6803ad980e66b9327c57130d9be6f19eef117771290dd69004c035b7298b5510","source_id":"us-dc","stale":false,"prev":"us-dc/d.c.-code-28-2961","next":"us-dc/d.c.-code-28-2963"},"notice":"GroundRules: Original legal text. Not legal advice."}