Section 17-208 – Expiration of Limitations
The expiration of any limitations period set by statute or court order does not affect the right of this State to acquire possession of abandoned property in federal custody.
Section 17-311 – Notice to Persons Who Appear to Be Owners of Abandoned Property
(a) (1) Within 365 days from the filing of the report required by § 17-310 of this subtitle, the Administrator shall cause notice to be published in a newspaper of general circulation in the county in the State within which is located the last known address of any person to be named in the notice. (2) If an […]
Section 17-209 – Uniform Construction of Subtitle
This subtitle shall be construed to effect its general purpose to make uniform the laws of those states which enact it.
Section 17-312 – Delivery of Abandoned Property to Administrator
Every person who has filed a report as provided in § 17-310 of this subtitle, at the time of the filing of the report, shall pay or deliver to the Administrator all abandoned property specified in the report.
Section 17-301 – When Property Presumed Abandoned — Tangible or Intangible Personal Property Held by Banking or Financial Organization or Business Association
(a) The following property held by a banking or financial organization, or business association is presumed abandoned: (1) Any demand, savings, or matured time deposit account made with a banking organization, together with any interest or dividend on it, excluding any charges that lawfully may be withheld, unless, within 3 years, the owner has: (i) Increased or decreased […]
Section 17-302 – When Property Presumed Abandoned — Insurance Funds
(a) Funds held or owing under any life or endowment insurance policy or annuity contract that has matured or terminated are presumed abandoned if unclaimed for more than 3 years after the funds become due and payable as established from the records of the insurance company holding or owing the funds. (b) If a person other than […]
Section 17-303 – When Property Presumed Abandoned — Funds Held by Utility
The following funds held by any utility are presumed abandoned: (1) Any deposit made by a subscriber with a utility to secure payment for, or any sum paid in advance for, utility services to be furnished in the State, less any lawful deduction, that has remained unclaimed by the person who appears on the records of […]
Section 17-304 – When Property Presumed Abandoned — Stock or Sum Held by Business Association
(a) Any stock or other certificate of ownership, or any dividend, profit, distribution, interest, payment on principal, or other sum held by a business association for or to a shareholder, certificate holder, member, bondholder or other security holder, or participating patron of a cooperative, who has not claimed it or corresponded in writing with the business […]
Section 17-305 – When Property Presumed Abandoned — Personal Property Distributable on Forfeiture of Charter or Voluntary Dissolution of Business Association
All tangible or intangible personal property distributable on forfeiture of the charter or voluntary dissolution of a business association, banking organization, or financial organization organized under the laws of this State, that is unclaimed by the owner 60 days after the date of final distribution, is presumed abandoned.
Section 17-306 – When Property Presumed Abandoned — Intangible Personal Property Held in Fiduciary Capacity
All intangible personal property and any income or increment on it, held in a fiduciary capacity for the benefit of another person, is presumed abandoned unless, within 3 years after it becomes payable or distributable, the owner has increased or decreased the principal, accepted payment of principal or income, corresponded in writing concerning the property, […]