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<section article="gcl" article_name="Commercial Law" number="17-318" 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>Any person who claims a legal interest in any property delivered to the State under this title must:</text>
      <level label="i">
        <text>File a claim to the property or to the proceeds from its sale on the form prescribed by the Administrator; and</text>
      </level>
      <level label="ii">
        <text>Verify the claim as to its completeness and accuracy.</text>
      </level>
    </level>
    <level label="2">
      <text>After a claim is filed under paragraph (1) of this subsection, the Administrator shall allow or deny the claim and provide the claimant notice of the decision.</text>
    </level>
    <level label="3">
      <text>If a claim filed in accordance with this subsection is denied:</text>
      <level label="i">
        <text>The Administrator shall inform the claimant of the reason for the denial and specify what additional evidence, if any, is required for the claim to be allowed;</text>
      </level>
      <level label="ii">
        <text>The claimant may file an amended claim with the Administrator or commence an action under § 17–320 of this subtitle; and</text>
      </level>
      <level label="iii">
        <text>The Administrator shall consider an amended claim filed under item (ii) of this paragraph as the initial claim.</text>
      </level>
    </level>
    <level label="4">
      <text>If the Administrator does not take action on a claim during the 6–month period immediately following the filing of a claim under this subsection, the claim shall be deemed denied.</text>
    </level>
  </level>
  <level label="b">
    <level label="1">
      <text>The Administrator may waive the filing requirement under subsection (a) of this section if:</text>
      <level label="i">
        <text>The person receiving the property or payment is the apparent owner included in a report filed under § 17–310 of this subtitle;</text>
      </level>
      <level label="ii">
        <text>The Administrator reasonably believes the person is entitled to receive the property or payment; and</text>
      </level>
      <level label="iii">
        <text>The property or payment has a value of $5,000 or less.</text>
      </level>
    </level>
    <level label="2">
      <text>If the Administrator waives the filing requirement in accordance with paragraph (1) of this subsection, the Administrator shall make payment in accordance with § 17–319(b) of this subtitle.</text>
    </level>
  </level>
  <level label="c">
    <text>The Administrator shall pay or deliver property to a claimant under this section if the Administrator receives evidence sufficient to the satisfaction of the Administrator to establish that the claimant is the owner of the property.</text>
  </level>
</section>
