LegalFix
Sign In

§ 17-308.2. Notification of apparent owner of presumed abandoned property

MD Comm L Code § 17-308.2 (2019) (N/A)
Copy with citation
Copy as parenthetical citation

Not more than 120 days or less than 30 days before the filing of the report required under § 17–310 of this subtitle, the holder in possession of presumed abandoned property shall send a written notice by first–class mail to the apparent owner of presumed abandoned property valued at $100 or more to the owner’s last known address informing the owner that:

(1)    The holder is in possession of property subject to the provisions of this title; and

(2)    The property will be considered abandoned unless the owner responds within 30 days of the notification to the holder.

Previous Section
§ 17-308.1. Charges or cessation of benefits on dormant or inactive accounts
Next Section
§ 17-309. When property held for owner in another state not presumed abandoned