{"data":{"id":"us-dc/d.c.-code-41-157.03","jurisdiction":"us-dc","citation":"D.C. Code § 41-157.03","heading":"Recovery of securities or value by owner.","body":"(a)\nIf the Administrator sells a security before the expiration of 60 days after delivery of the security to the Administrator, an apparent owner that files a valid claim under this chapter of ownership of the security before the 60-day period expires is entitled, at the option of the Administrator, to receive:\n(1)\nReplacement of the security; or\n(2)\nThe market value of the security at the time the claim is filed, plus dividends, interest, and other increments on the security up to the time the claim is paid.\n\n(b)\nReplacement of the security or calculation of market value under subsection (a) of this section shall take into account a stock split, reverse stock split, stock dividend, or similar corporate action.\n\n(c)\nA person that makes a valid claim under this chapter of ownership of a security after expiration of 60 days after delivery of the security to the Administrator is entitled to receive:\n(1)\nThe security the holder delivered to the Administrator, if it is in the custody of the Administrator, plus dividends, interest, and other increments on the security up to the time the Administrator delivers the security to the person; or\n(2)\nThe net proceeds of the sale of the security, plus dividends, interest, and other increments on the security up to the time the security was sold.","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/41-157.03","current_through":"2026-08-20 (D.C. Law 26-175)","vintage":"","retrieved_at":"2026-08-29T05:44:07Z","sha256":"50d7c46d5921019b634844ecca5292176db02f2605cb1c59d2644c04e36d1acb","source_id":"us-dc","stale":false,"prev":"us-dc/d.c.-code-41-157.02","next":"us-dc/d.c.-code-41-157.04"},"notice":"GroundRules: Original legal text. Not legal advice."}