§ 17–202
Statutes in effect as of October 1, 2026.
Md. Code Ann., Com. Law § 17-202 (2026)
Title 17. Disposition of Abandoned Property
Subtitle 2. Abandoned Property in Federal Custody
§ 17–202LinkCopy Citation
(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 any owner of intangible abandoned property in federal custody is in this State:
(i)
The situs of the abandoned property is in this State, and the abandoned property shall be delivered to the Administrator; and
(ii)
That the address of any other owner of the abandoned property in federal custody is determined by federal law;
(3)
For payment of the State’s proportionate share of costs incurred by the federal government in:
(i)
Investigating records of abandoned property;
(ii)
Reporting information about abandoned property to the Administrator; and
(iii)
Delivering the abandoned property to the Administrator;
(4)
The manner and times of payment, including a provision that payments may be made at stated times over a period of years;
(5)
That this State indemnifies the federal government against any claim made as a result of the delivery of abandoned property to this State under the agreement; and
(6)
That the Attorney General of this State shall intervene in any action or proceeding brought against the federal government as a result of action taken in accordance with the agreement.