656

LAWS OF MARYLAND

[Ch. 49

17-104. PROPERTY TO WHICH TITLE DOES NOT APPLY.

THIS TITLE DOES NOT APPLY TO ANY PROPERTY THAT HAS
BEEN PRESUMED ABANDONED OR ESCHEATED UNDER THE LAWS OF
ANOTHER STATE BEFORE JUNE 1, 1966.

REVISOR'S NOTE: This section presently appears as
Art. 95C, §25.

The only changes are technical changes in
style.

17-105. WHEN PROPERTY PRESUMED ABANDONED - TANGIBLE OR
INTANGIBLE PERSONAL PROPERTY HELD OR OWING BY BANKING OR
FINANCIAL ORGANISATION OR BUSINESS ASSOCIATION.

THE FOLLOWING PROPERTY HELD OR OWING BY A BANKING OR
FINANCIAL ORGANIZATION, OR BUSINESS ASSOCIATION IS
PRESUMED ABANDONED:

(1)    ANY DEMAND, SAVINGS, OR MATURED TIME DEPOSIT
MADE IN THE STATE WITH A BANKING ORGANIZATION, TOGETHER
WITH ANY INTEREST OR DIVIDEND ON IT, EXCLUDING ANY
CHARGES THAT LAWFULLY MAY BE WITHHELD, UNLESS, WITHIN 20
YEARS, THE OWNER HAS:

(i) INCREASED OR DECREASED THE AMOUNT OF THE
DEPOSIT;

(ii) PRESENTED THE PASSBOOK OR OTHER SIMILAR
EVIDENCE OF THE DEPOSIT FOR THE CREDITING OF INTEREST;

(iii) CORRESPONDED IN WRITING WITH THE
BANKING ORGANIZATION CONCERNING THE DEPOSIT; OR

(iv) OTHERWISE INDICATED AN INTEREST IN THE
DEPOSIT AS EVIDENCED BY A MEMORANDUM ON FILE WITH THE
BANKING ORGANIZATION;

(2)   ANY FUNDS PAID IN THE STATE TOWARD THE PURCHASE
OF SHARES OR OTHER INTEREST IN A FINANCIAL ORGANIZATION,
OR ANY DEPOSIT MADE WITH THESE FUNDS IN THE STATE, AND
ANY INTEREST OR DIVIDENDS ON THESE, EXCLUDING ANY CHARGES
THAT LAWFULLY MAY BE WITHHELD, UNLESS, WITHIN 20 YEARS,
THE OWNER HAS:

(i) INCREASED OR DECREASED THE AMOUNT OF THE
FUNDS OR DEPOSIT, OR PRESENTED AN APPROPRIATE RECORD FOP
THE CREDITING OF INTEREST OR DIVIDENDS;

(ii) CORRESPONDED IN WRITING WITH THE
FINANCIAL ORGANIZATION CONCERNING THE FUNDS OR DEPOSIT;
OR