MARVIN MANDEL, Governor

661

WITHIN SEVEN YEARS AFTER IT BECOMES PAYABLE OR
DISTRIBUTABLE, THE OWNER HAS INCREASED OR DECREASED THE
PRINCIPAL, ACCEPTED PAYMENT OF PRINCIPAL OR INCOME,
CORRESPONDED IN WRITING [[CONERNING]] CONCERNING THE
PROPERTY, OR OTHERWISE INDICATED AN INTEREST AS EVIDENCED
BY A MEMORANDUM ON FILE WITH THE FIDUCIARY, IF THE
PROPERTY IS HELD BY:

(1)     A BANKING ORGANIZATION OR FINANCIAL
ORGANIZATION;

(2)   A BUSINESS ASSOCIATION ORGANIZED UNDER THE LAWS
OF OR CREATED IN THE STATE;

(3)    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; OR

(4)   ANY OTHER PERSON IN THE STATE.

REVISOR'S NOTE: This section presently appears as
Art. 95C, §7.

The only changes are technical changes in
style.

17-111.        SAME - INTANGIBLE PERSONAL PROPERTY HELD BY

COURT OR PUBLIC AUTHORITY.

ALL INTANGIBLE PERSONAL PROPERTY HELD FOR THE OWNER
BY ANY COURT, PUBLIC CORPORATION, PUBLIC AUTHORITY, OR
PUBLIC OFFICER OF THE STATE OR ANY POLITICAL SUBDIVISION
OF IT, THAT HAS REMAINED UNCLAIMED BY THE OWNER FOR MORE
THAN SEVEN YEARS, IS PRESUMED ABANDONED.

REVISOR'S NOTE: This section presently appears as
Art. 95C, §8.

The only changes are technical changes in
style.

17-112. UNCLAIMED WAGES OR INTANGIBLE PERSONAL PROPERTY
HELD OR OWING IN ORDINARY COURSE OF HOLDER'S BUSINESS.

(A)       UNCLAIMED WAGES.

ALL UNCLAIMED WAGES HELD OR OWING IN THE ORDINARY
COURSE OF THE HOLDER'S BUSINESS IN THE STATE, THAT HAVE
REMAINED UNCLAIMED BY THE OWNER FOR MORE THAN SEVEN YEARS
AFTER THEY BECAME PAYABLE, ARE PRESUMED ABANDONED.

(B)       INTANGIBLE PERSONAL PROPERTY.