Disposal of securities

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(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.

(Aug. 23, 2021, D.C. Act 24-159, § 7044, 68 DCR 008602.)


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