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Terms Used In Maryland Code, COMMERCIAL LAW 17-315

  • Administrator: includes an executor and a personal representative. See
  • Statute: A law passed by a legislature.
The expiration of any period of time specified by statute or court order, during which an action or proceeding may be commenced or enforced to obtain payment of a claim for money or recovery of property, may not:

(1) Prevent the money or property from being presumed abandoned property; or

(2) Affect any duty to file a report required by this subtitle or to pay or deliver abandoned property to the Administrator.