Section 17-102 – Abandoned Property Office
(a) The Administrator shall create a division of the office, to be known as the abandoned property office, for the purpose of administering the provisions of this title. (b) An appropriation shall be made annually for the maintenance of the office and to provide sufficient staff to adequately enforce the provisions of this title. (c) Other divisions of […]
Section 17-103 – Rules and Regulations
(a) The Administrator may adopt the necessary rules and regulations to carry out the provisions of this title. (b) The Administrator may continue to regulate the imposition of service charges on property during the period of time giving rise to the presumption of abandonment by adopting rules and regulations relating to service charges.
Section 17-104 – Property to Which Title Does Not Apply
This title does not apply to any property that has been presumed abandoned or escheated under the laws of another state before June 1, 1966.
Section 17-105 – Documents Under Oath
(a) A requirement in this title that a document be under oath means that the document shall be supported by a signed statement made under the penalties of perjury that the contents of the document are true to the best of the knowledge, information, and belief of the individual making the statement. (b) The oath or affirmation […]
Section 17-201 – Administrator’s Duties
The Administrator shall: (1) Attempt to discover abandoned property in federal custody that is unclaimed by an owner who is presumed to have an address in this State; and (2) Institute proceedings for a judicial determination of this State’s rights to receive custody of any abandoned property in federal custody.
Section 17-202 – Agreement With Federal Government
(a) The Administrator shall endeavor to enter into an agreement with the federal government concerning abandoned property in federal custody. (b) The agreement shall provide: (1) Unless federal law provides otherwise, that tangible abandoned property in federal custody that was initially acquired in this State shall be delivered to the Administrator; (2) That if the last known address of […]
Section 17-203 – Consent to Suit by Claimant Against Federal Government; Defense Available to State
As to any claim made because of action taken in accordance with an agreement made under this subtitle: (1) This State consents to suit by any claimant against the federal government; and (2) Any defense of the federal government is available to this State.
Section 17-204 – Certification of Agreement Made Under Subtitle
(a) The Governor shall certify to the federal government the provisions of an agreement made under this subtitle. (b) The certification shall be made on the thirtieth of June next following the effective date of the agreement as provided by federal law.
Section 17-205 – Report of Abandoned Property
(a) When the federal government reports abandoned property to the Administrator under the agreement, the Administrator shall forward a copy of the report to the clerk of the circuit court for each county in the State. (b) Each clerk of the circuit court shall post the report of abandoned property in federal custody at the court house […]