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§ 17-309. Owner outside state

West's Annotated Code of MarylandCommercial Law

West's Annotated Code of Maryland
Commercial Law
Title 17. Disposition of Abandoned Property (Refs & Annos)
Subtitle 3. Abandoned Property in this State (Refs & Annos)
MD Code, Commercial Law, § 17-309
§ 17-309. Owner outside state
Currentness
If specific property which is subject to the provisions of this subtitle is held for an owner whose last known address is in another state, the specific property is not presumed abandoned in this State and is not subject to this subtitle if:
(1) It may be claimed as abandoned or escheated under the laws of the other state; and
(2) The laws of the other state make reciprocal provision that similar specific property is not presumed abandoned or escheatable by the other state when held for an owner whose last known address is in this State.

Credits

Added by Acts 1975, c. 49, § 3, eff. July 1, 1975. Amended by Acts 1981, c. 752.
Formerly Art. 95C, § 9.
MD Code, Commercial Law, § 17-309, MD COML § 17-309
Current through legislation effective through April 9, 2023, from the 2024 Regular Session of the General Assembly. Some statute sections may be more current, see credits for details.
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