District Of Columbia § 41-114 - Gift certificates and credit memos.
Full text of District Of Columbia D.C. Code § 41-114 — Gift certificates and credit memos., with citation guidance and answers to common questions.
§ 41-114. Gift certificates and credit memos.
41-114Gift certificates and credit memos held or owing in the ordinary course of the holder’s business that have remained unclaimed by the owner for more than 5 years after becoming payable or distributable are presumed abandoned.
If a gift certificate or credit memo is redeemable for cash or merchandise, its value for purposes of this chapter shall be the amount paid by the purchaser.
Annotations
Source: official District Of Columbia text · Last verified 2026-08-27
Frequently Asked Questions About District Of Columbia § 41-114
What does D.C. Code § 41-114 cover?
Section 41-114 ("Gift certificates and credit memos.") is part of the D.C. Code, the codified statutory law of District Of Columbia. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite District Of Columbia § 41-114?
A common citation format is "D.C. Code § 41-114" (District Of Columbia). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of District Of Columbia law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the District Of Columbia official source linked on this page or consult a licensed District Of Columbia attorney.
How does District Of Columbia § 41-114 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in District Of Columbia can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in District Of Columbia.