{"data":{"id":"us-dc/d.c.-code-41-157.01","jurisdiction":"us-dc","citation":"D.C. Code § 41-157.01","heading":"Public sale of property.","body":"(a)\nSubject to § 41-157.02, not earlier than one year after receipt of property presumed abandoned, the Administrator may sell the property.\n\n(b)\nBefore selling property under subsection (a) of this section, the Administrator shall give notice to the public of:\n(1)\nThe date of the sale; and\n(2)\nA reasonable description of the property.\n\n(c)\nA sale under subsection (a) of this section shall be to the highest bidder:\n(1)\nAt public sale at a location in the District which the Administrator determines to be the most favorable market for the property;\n(2)\nOn the Internet; or\n(3)\nOn another forum the Administrator determines is likely to yield the highest net proceeds of sale.\n\n(d)\nThe Administrator may decline the highest bid at a sale under this section and reoffer the property for sale if the Administrator determines the highest bid is insufficient.\n\n(e)\nIf a sale held under this section is to be conducted other than on the Internet, the Administrator shall publish at least one notice of the sale, at least 3 weeks but not more than 5 weeks before the sale, in a newspaper of general circulation in the District of Columbia.","path":["Title 41. Personal Property.","Chapter 1A. Revised Uniform Unclaimed Property Act.","Subchapter VII. Sale of Property by Administrator."],"source_url":"https://code.dccouncil.gov/us/dc/council/code/sections/41-157.01","current_through":"2026-08-20 (D.C. Law 26-175)","vintage":"","retrieved_at":"2026-08-29T05:44:07Z","sha256":"bfd95b93af27f61eb5e2c047b980a49d0e1d719f7d58556cb4fb44ddb712958f","source_id":"us-dc","stale":false,"prev":"us-dc/d.c.-code-41-156.10","next":"us-dc/d.c.-code-41-157.02"},"notice":"GroundRules: Original legal text. Not legal advice."}