Maryland Code, COMMERCIAL LAW 17-311
Terms Used In Maryland Code, COMMERCIAL LAW 17-311
- Administrator: includes an executor and a personal representative. See
- County: means a county of the State or Baltimore City. See
- Person: includes an individual, receiver, trustee, guardian, personal representative, fiduciary, representative of any kind, corporation, partnership, business trust, statutory trust, limited liability company, firm, association, or other nongovernmental entity. See
- state: means :
(1) a state, possession, territory, or commonwealth of the United States; or
(2) the District of Columbia. See
(2) 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.
(b) The published notice shall be entitled “Notice of Names of Persons Appearing to Be Owners of Abandoned Property” and shall contain:
(1) 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;
(2) 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
(3) A statement that a proof of claim may be presented by the owner to the Administrator.
(c) The Administrator is not required to publish in the notice any item valued at less than $100 unless the Administrator considers the publication to be in the public interest.
(d) 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.
(e) The mailed notice shall contain:
(1) A statement that, according to a report filed with the Administrator, property is being held to which the addressee appears entitled;
(2) 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
(3) A statement that a proof of claim may be presented by the owner to the Administrator.