# D.C. Code § 41-152.01: When property is presumed abandoned > District of Columbia · Statutes · In force URL: https://www.frixlaw.com/law-library/statutes/STATE_DC_T41_C1A_S41-152.01 ## Section - **Citation:** D.C. Code § 41-152.01 - **Heading:** When property is presumed abandoned - **Jurisdiction:** District of Columbia - **Kind:** Statutes - **Status:** In force - **Text as of:** August 14, 2026 - **Source:** Compiled text - **Location:** DC Code / Title 41 / Chapter 1A / § 41-152.01 ## Text (a) Subject to § 41-152.10 , the following property is presumed abandoned if it is unclaimed by the apparent owner during the period specified below: (1) A traveler's check, 15 years after issuance; (2) A money order, 7 years after issuance; (3) A state or municipal bond, bearer bond, or original-issue-discount bond, 3 years after the earliest of the date the bond matures or is called or the obligation to pay the principal of the bond arises; (4) A debt of a business association, 3 years after the obligation to pay arises; (5) A payroll card or demand, savings, or time deposit, including a deposit that is automatically renewable, 3 years after the maturity of the deposit, except a deposit that is automatically renewable is deemed matured on its initial date of maturity unless the apparent owner consented in a record on file with the holder to renewal at or about the time of the renewal; (6) Money or a credit owed to a customer as a result of a retail business transaction, 3 years after the obligation arose; (7) An amount owed by an insurance company on a life or endowment insurance policy or an annuity contract that has matured or terminated, 3 years after the obligation to pay arose under the terms of the policy or contract or, if a policy or contract for which an amount is owed on proof of death has not matured by proof of the death of the insured or annuitant, as follows: (A) With respect to an amount owed on a life or endowment insurance policy, 3 years after the earlier of the date: ity contract that has matured or terminated, 3 years after the obligation to pay arose under the terms of the policy or contract or, if a policy or contract for which an amount is owed on proof of death has not matured by proof of the death of the insured or annuitant, as follows: (A) With respect to an amount owed on a life or endowment insurance policy, 3 years after the earlier of the date: (i) The insurance company has knowledge of the death of the insured; or (ii) The insured has attained, or would have attained if living, the limiting age under the mortality table on which the reserve for the policy is based; and (B) With respect to an amount owed on an annuity contract, 3 years after the date the insurance company has knowledge of the death of the annuitant. (8) Property distributable by a business association in the course of dissolution, one year after the property becomes distributable; (9) Property held by a court, including property received as proceeds of a class action, one year after the property becomes distributable; (10) Property held by a government or governmental subdivision, agency, or instrumentality, including municipal bond interest and unredeemed principal under the administration of a paying agent or indenture trustee, one year after the property becomes distributable; (11) Wages, commissions, bonuses, or reimbursements to which an employee is entitled, or other compensation for personal services, other than amounts held in a payroll card, one year after the amount becomes payable; (12) A deposit or refund owed to a subscriber by a utility, one year after the deposit or refund becomes payable; and (13) Property not specified in this section or §§ 41-152.02 through § 41-152.08 , the earlier of 3 years after the owner first has a right to demand the property and 3 years after the obligation to pay or distribute the property arises. ## Nearby sections - [D.C. Code § 41-151.01 § 41-151.01. Short title.](https://www.frixlaw.com/law-library/statutes/STATE_DC_T41_C1A_S41-151.01.md) - [D.C. Code § 41-151.02 § 41-151.02. Definitions.](https://www.frixlaw.com/law-library/statutes/STATE_DC_T41_C1A_S41-151.02.md) - [D.C. Code § 41-151.03 § 41-151.03. Inapplicability to foreign transaction.](https://www.frixlaw.com/law-library/statutes/STATE_DC_T41_C1A_S41-151.03.md) - [D.C. Code § 41-151.04 § 41-151.04. Rules.](https://www.frixlaw.com/law-library/statutes/STATE_DC_T41_C1A_S41-151.04.md) - [D.C. Code § 41-152.01 § 41-152.01. When property is presumed abandoned.](https://www.frixlaw.com/law-library/statutes/STATE_DC_T41_C1A_S41-152.01.md) - [D.C. Code § 41-152.02 § 41-152.02. When tax-deferred retirement account presumed abandoned.](https://www.frixlaw.com/law-library/statutes/STATE_DC_T41_C1A_S41-152.02.md) - [D.C. Code § 41-152.03 § 41-152.03. When other tax-deferred account presumed abandoned.](https://www.frixlaw.com/law-library/statutes/STATE_DC_T41_C1A_S41-152.03.md) - [D.C. Code § 41-152.04 § 41-152.04. When custodial account for minor presumed abandoned.](https://www.frixlaw.com/law-library/statutes/STATE_DC_T41_C1A_S41-152.04.md) - [D.C. Code § 41-152.05 § 41-152.05. When contents of safe-deposit box presumed abandoned.](https://www.frixlaw.com/law-library/statutes/STATE_DC_T41_C1A_S41-152.05.md) - [D.C. Code § 41-152.06 § 41-152.06. When stored-value card presumed abandoned.](https://www.frixlaw.com/law-library/statutes/STATE_DC_T41_C1A_S41-152.06.md) - [D.C. Code § 41-152.07 § 41-152.07. When gift card presumed abandoned.](https://www.frixlaw.com/law-library/statutes/STATE_DC_T41_C1A_S41-152.07.md) - [D.C. Code § 41-152.08 § 41-152.08. When security presumed abandoned.](https://www.frixlaw.com/law-library/statutes/STATE_DC_T41_C1A_S41-152.08.md) - [D.C. Code § 41-152.09 § 41-152.09. When related property presumed abandoned.](https://www.frixlaw.com/law-library/statutes/STATE_DC_T41_C1A_S41-152.09.md) - [D.C. Code § 41-152.10 § 41-152.10. Indication of apparent owner interest in property.](https://www.frixlaw.com/law-library/statutes/STATE_DC_T41_C1A_S41-152.10.md) --- Source: Frix Law Library, https://www.frixlaw.com/law-library/statutes/STATE_DC_T41_C1A_S41-152.01. Check the current official text before relying on it. Not legal advice.