01. Report required by holder. (a) A holder of property presumed abandoned and subject to the custody of the Administrator shall report in a record to the Administrator concerning the property. The Administrator may not require a holder to file a paper report. (b) A holder may contract with a third party to make the report required under subsection (a) of this section. (c) Whether or not a holder contracts with a third party under subsection (b) of this section, the holder is responsible: (1) For the complete, accurate, and timely reporting of property presumed abandoned to the Administrator; and (2) For paying or delivering to the Administrator property described in the report. (Nov. 13, 2021, D.C. Law 24-45, § 7024, 68 DCR 010163.)
District of Columbia Legal Code