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§ 41-157-02 — District of Columbia Law | CourtGPT
  1. Home/
  2. Laws/
  3. District of Columbia/
  4. Title 41 - Personal Property/
  5. Chapter 1a - Revised Uniform Unclaimed Property Actsub/
  6. Subchapter VII - Sale of Property by Administrator§ 41–157.01. Public Sale of Property/
  7. § 41-157-02
District of Columbia Legal Code

§ 41-157-02

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02. Disposal of securities. (a) The Administrator may not sell or otherwise liquidate a security until 60 days after the Administrator receives the security and gives the apparent owner notice under § 41-155.03 that the Administrator holds the security. (b) The Administrator may not sell a security listed on an established stock exchange for less than the price prevailing on the exchange at the time of sale. The Administrator may sell a security not listed on an established exchange by any commercially-reasonable method. (Nov. 13, 2021, D.C. Law 24-45, § 7044, 68 DCR 010163.)