§ 17-308. Presumption of abandonment; unclaimed wages and payroll checks; intangible personal p...
West's Annotated Code of MarylandCommercial LawEffective: October 1, 2022
Effective: October 1, 2022
MD Code, Commercial Law, § 17-308
§ 17-308. Presumption of abandonment; unclaimed wages and payroll checks; intangible personal property
(b) All intangible personal property, not otherwise covered by this title, including any income or increment on it and deducting any lawful charges, that is held or owing in the ordinary course of the holder's business and has remained unclaimed by the owner for more than 3 years after it became payable or distributable, is presumed abandoned.
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 1985, c. 602, § 2; Acts 1989, c. 375; Acts 2002, c. 440, § 14, eff. June 1, 2002; Acts 2002, c. 440, § 20, eff. June 1, 2003; Acts 2022, c. 648, § 1, eff. Oct. 1, 2022.
Formerly Art. 95C, § 8A.
MD Code, Commercial Law, § 17-308, MD COML § 17-308
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.
End of Document |