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<section article="gcl" article_name="Commercial Law" number="17-202" title_number="17" title_name="Disposition of Abandoned Property" subtitle_number="2" subtitle_name="Abandoned Property in Federal Custody">
  <level label="a">
    <text>The Administrator shall endeavor to enter into an agreement with the federal government concerning abandoned property in federal custody.</text>
  </level>
  <level label="b">
    <text>The agreement shall provide:</text>
    <level label="1">
      <text>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;</text>
    </level>
    <level label="2">
      <text>That if the last known address of any owner of intangible abandoned property in federal custody is in this State:</text>
      <level label="i">
        <text>The situs of the abandoned property is in this State, and the abandoned property shall be delivered to the Administrator; and</text>
      </level>
      <level label="ii">
        <text>That the address of any other owner of the abandoned property in federal custody is determined by federal law;</text>
      </level>
    </level>
    <level label="3">
      <text>For payment of the State’s proportionate share of costs incurred by the federal government in:</text>
      <level label="i">
        <text>Investigating records of abandoned property;</text>
      </level>
      <level label="ii">
        <text>Reporting information about abandoned property to the Administrator; and</text>
      </level>
      <level label="iii">
        <text>Delivering the abandoned property to the Administrator;</text>
      </level>
    </level>
    <level label="4">
      <text>The manner and times of payment, including a provision that payments may be made at stated times over a period of years;</text>
    </level>
    <level label="5">
      <text>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</text>
    </level>
    <level label="6">
      <text>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.</text>
    </level>
  </level>
</section>
