662

LAWS OF MARYLAND

[Ch. 49

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 STATE IN THE ORDINARY COURSE OF THE HOLDER'S
BUSINESS AND HAS REMAINED UNCLAIMED BY THE OWNER FOR MORE
THAN SEVEN YEARS AFTER IT BECAME PAYABLE OR
DISTRIBUTABLE, IS PRESUMED ABANDONED.

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

The only changes are technical changes in

style.

17-113. WHEN PROPERTY DISTRIBUTABLE TO OWNER IN ANOTHER
STATE NOT PRESUMED ABANDONED.

IF SPECIFIC PROPERTY WHICH IS SUBJECT TO THE
PROVISIONS OF THIS TITLE IS HELD FOR OR OWED OR
DISTRIBUTABLE TO AN OWNER WHOSE LAST KNOWN ADDRESS IS IN
ANOTHER STATE, THE SPECIFIC PROPERTY IS NOT PRESUMED
ABANDONED IN THIS STATE AND IS NOT SUBJECT TO THIS TITLE
IF:

(1)    IT MAY BE CLAIMED AS ABANDONED OR ESCHEATED
UNDER THE LAWS OF THE OTHER STATE; AND

(2)   THE LAWS OF THE OTHER STATE MAKE RECIPROCAL
PROVISION THAT SIMILAR SPECIFIC PROPERTY IS NOT PRESUMED
ABANDONED OR ESCHEATABLE BY THE OTHER STATE WHEN HELD FOR
OR OWED OR DISTRIBUTABLE TO AN OWNER WHOSE LAST KNOWN
ADDRESS IS IN THIS STATE.

REVISOR'S NOTE: This section presently appears as
Art. 95C, §9.

The only changes are technical changes in
style.

17-114. REPORT BY HOLDER OF PROPERTY PRESUMED ABANDONED.

(A) HOLDER OF FUNDS REQUIRED TO REPORT.

EVERY PERSON HOLDING FUNDS OR     OTHER TANGIBLE OR

INTANGIBLE PROPERTY PRESUMED ABANDONED   UNDER THIS TITLE

SHALL REPORT TO THE [[ADMINISTARATOR]]   ADMINISTRATOR WITH

RESPECT TO THE PROPERTY AS PROVIDED IN THIS SECTION.

(B) CONTENTS OF REPORT.

THE REPORT SHALL BE VERIFIED AND SHALL INCLUDE:

(1) THE NAME, IF KNOWN, AND LAST KNOWN
ADDRESS, IF ANY, OF EACH PERSON WHO APPEARS FROM THE