660

LAWS OF MARYLAND

[Ch. 49

ANY STOCK OR OTHER CERTIFICATE OF OWNERSHIP, OR ANY
DIVIDEND, PROFIT, DISTRIBUTION, INTEREST, PAYMENT ON
PRINCIPAL, OR OTHER SUM HELD OR OWING BY A BUSINESS
ASSOCIATION FOR OR TO A SHAREHOLDER, CERTIFICATE HOLDER,
MEMBER, BONDHOLDER OR OTHER SECURITY HOLDER, OR
PARTICIPATING PATRON OF A COOPERATIVE, WHO HAS NOT
CLAIMED IT OR CORRESPONDED IN WRITING WITH THE BUSINESS
ASSOCIATION CONCERNING IT WITHIN SEVEN YEARS AFTER THE
DATE PRESCRIBED FOR PAYMENT OR DELIVERY, IS PRESUMED
ABANDONED IF:

(1) IT IS HELD OR OWING BY A BUSINESS ASSOCIATION
ORGANIZED UNDER THE LAWS OF OR CREATED IN THE STATE; OR

(2) IT IS HELD OR OWING BY A BUSINESS ASSOCIATION
DOING BUSINESS IN THE STATE BUT NOT ORGANIZED UNDER THE
LAWS OF OR CREATED IN THE STATE, AND THE RECORDS OF THE
BUSINESS ASSOCIATION INDICATE THAT THE LAST KNOWN ADDRESS
OF THE PERSON ENTITLED TO IT IS IN THE STATE.

REVISOR'S NOTE: This section presently appears as
Art. 95C, §5.

The only changes are technical changes in
style.

17-109. SAME - INTANGIBLE PERSONAL PROPERTY
DISTRIBUTABLE IN THE COURSE OF VOLUNTARY DISSOLUTION OF
BUSINESS ASSOCIATION.

ALL INTANGIBLE PERSONAL PROPERTY DISTRIBUTABLE IN
THE COURSE OF A VOLUNTARY DISSOLUTION OF A BUSINESS
ASSOCIATION, BANKING ORGANIZATION, OR FINANCIAL
ORGANIZATION ORGANIZED UNDER THE LAWS OF OR CREATED IN
THE STATE, THAT IS UNCLAIMED BY THE OWNER AT THE DATE OF
FINAL DISTRIBUTION, IS PRESUMED ABANDONED.

REVISOR'S NOTE: This section presently appears as
Art. 95C, §6.

The only changes are technical changes in
style.

With respect to the disposition of other
property on dissolution of a corporation, see
§3—412 of the Corporations and Associations
Article.

17-110. SAME - INTANGIBLE PERSONAL PROPERTY HELD IN
FIDUCIARY CAPACITY.

ALL INTANGIBLE PERSONAL PROPERTY AND ANY INCOME OR
INCREMENT ON IT, HELD IN A FIDUCIARY CAPACITY FOR THE
BENEFIT OF ANOTHER PERSON, IS PRESUMED ABANDONED UNLESS,