1080                            LAWS OF MARYLAND                       [CH. 611

10. 9. If specific property which is subject to the provisions of this
Article is held for or owed or distributable to an owner whose last

known address is in another state by a holder who is subject to the

jurisdiction of that State, the specific property is not presumed
abandoned in this State and subject to this Article if:

(a)  It may be claimed as abandoned or escheated under the laws
of such other state; and

(b)   The laws of such other state make reciprocal provision that
similar specific property is not presumed abandoned or escheatable
by such other state when held for or owed or distributable to an
owner whose last known address is within this State, by a holder who
is subject to the jurisdiction of this State.

11. 10. (a) Every person holding funds or other property, tangible
or intangible, presumed abandoned under this Article shall report
to the administrator with respect to the property as hereinafter
provided.

(b)   The report shall be verified and shall include:

(i) The name, if known, and last known address, if any, of each
person appearing from the records of the holder to be the owner of
any property of the value of ten dollars or more presumed abandoned
under this Article;

(ii) In case of unclaimed funds of insurance corporations, the
full name of the insured, annuitant, principal or claimant and his
last known address according to the insurance corporation's records;

(iii) The nature and identifying number, if any, or description
of the property and the amount appearing from the records to be
due, except that items of value under ten dollars each may be re-
ported in aggregate;

(iv) The date when the property became payable, demandable, or
returnable, and the date of the last transaction with the owner with
respect to the property; and

(v) Other information which the administrator prescribes by rule
as necessary for the administration of this Article.

(c)  If the person holding property presumed abandoned is a suc-
cessor to other persons who previously held the property for the
owner, or if the holder has changed his name while holding the
property, he shall file with his report all prior known names and
addresses of each holder of the property.

(d)   The report shall be filed before November 1 of each year as
of June 30 next preceding, but the report of insurance corporations
shall be filed before May 1 of each year as of December 31 next pre-
ceding. The administrator may postpone the reporting date upon
written request by any person required to file a report.

(e) If the holder of property presumed abandoned under this Ar-
ticle knows the whereabouts of the owner and if the owner's claim

has not been barred by the statue of limitations, the holder shall,

before filing the annual report, communicate with the owner and

take necessary steps to prevent abandonment from being presumed.