# Commercial Law (GCL)

## Title 17. Disposition of Abandoned Property

### Subtitle 3. Abandoned Property in This State

#### Section 17-319

(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 Sec. 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.

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Md. Code Ann., Com. Law (as displayed at mgaleg.maryland.gov, October 16, 2026)