666

LAWS OF MARYLAND

[Ch. 49

act to conformance with the Uniform Act as
enacted in most states.

The only other changes are technical changes
in style.

17-116. DELIVERY OF ABANDONED PROPERTY TO ADMINISTRATOR.

EVERY PERSON WHO HAS FILED A REPORT AS PROVIDED IN
§17-114, WITHIN 20 DAYS AFTER THE TIME SPECIFIED IN
§17-115 FOR CLAIMING THE PROPERTY FROM THE HOLDER, SHALL
PAY OR DELIVER TO THE ADMINISTRATOR ALL ABANDONED
PROPERTY SPECIFIED IN THE REPORT. HOWEVER, IF THE OWNER
ESTABLISHES HIS RIGHT TO RECEIVE THE ABANDONED PROPERTY
TO THE SATISFACTION OF THE HOLDER WITHIN THE TIME
SPECIFIED IN §17-115, OR IF IT APPEARS THAT FOR SOME
OTHER REASON THE PRESUMPTION OF ABANDONMENT IS ERRONEOUS,
THE PROPERTY IS NO LONGER PRESUMED ABANDONED AND THE
HOLDER NEED NOT PAY OR DELIVER THE PROPERTY TO THE
ADMINISTRATOR, BUT INSTEAD SHALL FILE A VERIFIED WRITTEN
EXPLANATION OF THE PROOF OF CLAIM OR OF THE ERROR IN THE
PRESUMPTION OF ABANDONMENT.

REVISOR'S NOTE: This section presently appears as
Art. 95C, §12.

The only changes are technical changes in
style.

17-117. CUSTODY AND SAFEKEEPING OF PROPERTY DELIVERED TO
ADMINISTRATOR; FORMER HOLDER RELIEVED OF LIABILITY;
REIMBURSEMENT OF FORMER HOLDER FOR PAYMENT TO PERSON
ENTITLED.

ON THE PAYMENT OR DELIVERY OF ABANDONED PROPERTY TO
THE ADMINISTRATOR, THE STATE SHALL ASSUME CUSTODY AND
SHALL BE RESPONSIBLE FOR ITS SAFEKEEPING. ANY PERSON WHO
PAYS OR DELIVERS ABANDONED PROPERTY TO THE ADMINISTRATOR
UNDER THIS TITLE IS RELIEVED OF ALL LIABILITY, TO THE
EXTENT OF THE VALUE OF THE PROPERTY PAID OR DELIVERED,
FOR ANY CLAIM WHICH EXISTS OR MAY ARISE WITH RESPECT TO
THE PROPERTY. ANY HOLDER WHO HAS PAID MONEY TO THE
ADMINISTRATOR ORDER THIS TITLE MAY MAKE PAYMENT TO ANY
PERSON WHO APPEARS TO THE HOLDER TO BE ENTITLED TO IT
AND, ON PROOF OF THE PAYMENT AND PROOF THAT THE PAYEE HAS
ENTITLED TO IT, THE ADMINISTRATOR IMMEDIATELY SHALL
REIMBURSE THE HOLDER FOR THE PAYMENT.

REVISOR'S NOTE: This section presently appears as
Art. 95C, §13.

The only changes are technical changes in
style.