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<section article="gcl" article_name="Commercial Law" number="17-311" title_number="17" title_name="Disposition of Abandoned Property" subtitle_number="3" subtitle_name="Abandoned Property in This State">
  <level label="a">
    <level label="1">
      <text>Within 365 days from the filing of the report required by § 17-310 of this subtitle, the Administrator shall cause notice to be published in a newspaper of general circulation in the county in the State within which is located the last known address of any person to be named in the notice.</text>
    </level>
    <level label="2">
      <text>If an address is not listed or if the address is outside the State, the notice shall be published in the county within which the person who held the abandoned property has the principal place of business in this State.</text>
    </level>
  </level>
  <level label="b">
    <text>The published notice shall be entitled “Notice of Names of Persons Appearing to Be Owners of Abandoned Property” and shall contain:</text>
    <level label="1">
      <text>The names in alphabetical order and last known addresses, if any, of persons listed in the report and entitled to notice in the county specified in this section;</text>
    </level>
    <level label="2">
      <text>A statement that information concerning the amount or description of the property and the name and address of the person who held the property may be obtained by any person who possesses an interest in the property, by addressing an inquiry to the Administrator; and</text>
    </level>
    <level label="3">
      <text>A statement that a proof of claim may be presented by the owner to the Administrator.</text>
    </level>
  </level>
  <level label="c">
    <text>The Administrator is not required to publish in the notice any item valued at less than $50 unless the Administrator considers the publication to be in the public interest.</text>
  </level>
  <level label="d">
    <text>Within 120 days from the receipt of the report required by § 17-310 of this subtitle, the Administrator shall mail a notice to each person who has an address listed in the report who appears entitled to property valued at $100 or more and presumed abandoned under this subtitle.</text>
  </level>
  <level label="e">
    <text>The mailed notice shall contain:</text>
    <level label="1">
      <text>A statement that, according to a report filed with the Administrator, property is being held to which the addressee appears entitled;</text>
    </level>
    <level label="2">
      <text>The name and address of the person who held the property and any necessary information regarding any change of the name or address of the holder; and</text>
    </level>
    <level label="3">
      <text>A statement that a proof of claim may be presented by the owner to the Administrator.</text>
    </level>
  </level>
</section>
