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RIGGS NAT. BANK v. DISTRICT OF COLUMBIA

Nos. 88-1016, 88-1129 and 88-1150.

581 A.2d 1229 (1990)

RIGGS NATIONAL BANK OF WASHINGTON, D.C., Appellant, v. DISTRICT OF COLUMBIA, Appellee. DISTRICT OF COLUMBIA, Cross-Appellant, v. RIGGS NATIONAL BANK OF WASHINGTON, D.C., Cross-Appellee.

District of Columbia Court of Appeals.

Decided October 26, 1990.

Attorney(s) appearing for the Case

Steven M. Umin, with whom Jefferson M. Gray, Washington, D.C., was on the brief, for appellant/cross-appellee Riggs Nat. Bank.

Lutz Alexander Prager, Asst. Deputy Corp. Counsel, with whom Herbert O. Reid, Sr., Corp. Counsel, and Charles L. Reischel, Deputy Corp. Counsel, Washington, D.C., were on the brief for appellee/cross-appellant District of Columbia.

Brice M. Clagett and Steven G. Bradbury, Washington, D.C., filed a brief for Washington Area Bankers Ass'n, as amicus curiae.

Before TERRY, SCHWELB and FARRELL, Associate Judges.

SCHWELB, Associate Judge:

Remarkable as it may seem to those who must make ends meet and worry about the next mortgage payment and the price of widgets, there are actually people who neglect to cash cashier's checks. Others leave savings and checking accounts dormant at the bank. What happens to such funds when they are not claimed by their rightful owners? This case requires us to interpret for the first time various provisions of the Uniform Disposition of Unclaimed...

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