§ 17–301
Statutes in effect as of October 1, 2026.
Md. Code Ann., Com. Law § 17-301 (2026)
Title 17. Disposition of Abandoned Property
Subtitle 3. Abandoned Property in This State
§ 17–301LinkCopy Citation
(a)
For purposes of this subtitle:
(1)
An action by an agent or other representative of an apparent owner, other than a holder acting as the apparent owner’s agent, is presumed to be an action on behalf of the apparent owner; and
(2)
A communication with an apparent owner by a person other than the holder or the holder’s representative is not an indication of apparent owner interest in property unless a record of the communication evidences the apparent owner’s knowledge of a right to the property.
(b)
When determining the address of an apparent owner under this subtitle:
(1)
(i)
The last known address of an apparent owner includes any description, code, or other indication of the location of the apparent owner that identifies a state; and
(ii)
An indication of the location of the apparent owner that identifies a state does not need to be sufficient to direct the delivery of first–class mail to the apparent owner;
(2)
This State is deemed to be the state of the last known address of the apparent owner if:
(i)
The postal zip code associated with the apparent owner is for a post office located in this State; and
(ii)
There are no other records associated with the apparent owner that specifically identify the physical address of the apparent owner to be in another state;
(3)
Another state is deemed to be the state of the last known address of the apparent owner if:
(i)
The postal zip code associated with the apparent owner is for a post office located outside this State; and
(ii)
There are no other records associated with the apparent owner that specifically identify the physical address of the apparent owner to be in this State; and
(4)
The address of the apparent owner of a life or endowment insurance policy or annuity contract or its proceeds is presumed to be the address of the insured or annuitant if:
(i)
A person other than the insured or annuitant is entitled to the amount owed under the policy or contract; and
(ii)
The address of the person entitled to the amount owed under the policy or contract is:
(1)
Not known by the insurance company; and
(2)
Cannot be determined under § 17–301.1(d) of this subtitle.