# Commercial Law (GCL)

## Title 17. Disposition of Abandoned Property

### Subtitle 2. Abandoned Property in Federal Custody

#### Section 17-202

(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.

---

Md. Code Ann., Com. Law (as displayed at mgaleg.maryland.gov, October 16, 2026)