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Md. Code Ann., Com. Law § 17-319

Known as the Maryland Uniform Disposition of Abandoned Property Act

The act spans §§ 17–17 (56 sections).

(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.

Official source: Maryland General Assembly. Reproduced from public-domain Maryland statutes; confirm against the official source for the current text. Not legal advice.