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§ 17-319. Processing of claim

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, § 17-319
§ 17-319. Processing of claim
Currentness
(a)(1) The Administrator shall consider any claim filed under this title and may hold a hearing and receive evidence concerning it.
(2) If a hearing is held, he shall prepare a finding and a decision in writing on each claim filed, stating the substance of any evidence heard by him and the reasons for his decision. The decision shall be a public record.
(b) If the claim is allowed, the Administrator immediately shall make payment. 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.

Credits

Added by Acts 1975, c. 49, § 3, eff. July 1, 1975. Amended by Acts 1981, c. 752; Acts 1981, c. 773, § 2; Acts 1981, c. 774, § 2; Acts 2004, c. 110, § 1, eff. July 1, 2004.
Formerly Art. 95C, § 18.
MD Code, Commercial Law, § 17-319, MD COML § 17-319
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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