Escheat and Gift Card Laws: District of Columbia

Thursday, November 8, 2012

DISTRICT OF COLUMBIA

Escheat Provision:

D.C. Code Ann. §41-101 et seq.

Gift certificates held or owing in the ordinary course of the holder’s business that have remained unclaimed by the owner for more than five years after becoming payable or distributable are presumed abandoned. If a gift certificate is redeemable for cash or merchandise, its value shall be.

SOURCE: National Conference of State Legislatures

PLEASE NOTE:  Please note the summaries should be used for general informational purposes and not as a legal reference. DropZone Marketing is unable to answer questions or provide guidance to business owners regarding gift cards and gift certificate laws and practices. If you have questions regarding issuing or redeeming a gift card or gift certificate or a retailer’s practices, please contact the Office of the Attorney General in your state.

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