§ 17–319
Statutes in effect as of October 1, 2026.
Md. Code Ann., Com. Law § 17-319 (2026)
Title 17. Disposition of Abandoned Property
Subtitle 3. Abandoned Property in This State
§ 17–319LinkCopy Citation
(a)
(1)
The Administrator shall consider any claim filed under this title and may hold a hearing and receive evidence concerning it.
(2)
(i)
If a hearing is held, the Administrator shall prepare a finding and a decision in writing on each claim filed, stating the substance of any evidence heard by the Administrator and the reasons for the Administrator’s decision.
(ii)
The decision shall be a public record.
(b)
(1)
If the claim is allowed, or if the Administrator waives the filing requirement in accordance with § 17–318(b) of this subtitle, the Administrator immediately shall make payment.
(2)
The claim shall be paid without deduction for costs of notices or sale or for service charges.
(c)
In satisfying a claim the Administrator shall pay the claimant an amount equal to the sales price obtained at the public sale.