668

LAWS OF MARYLAND

[Ch. 49

IN THE COUNTY WHERE THE PROPERTY IS TO BE SOLD.

(C)   PURCHASER ACQUIRES CLEAN TITLE.

THE PURCHASER AT ANY SALE CONDUCTED BY THE
ADMINISTRATOR UNDER THIS TITLE SHALL RECEIVE TITLE TO THE
PROPERTY PURCHASED, FREE FROM EVERY CLAIM OF THE OWNER OR
PRIOR HOLDER OF IT AND OF EVERY PERSON WHO CLAIMS THROUGH
OR UNDER THEM. THE ADMINISTRATOR SHALL EXECUTE ALL
DOCUMENTS NECESSARY TO COMPLETE THE TRANSFER OF TITLE.

(D)   STATE IMMUNE FROM SUIT.

NO ACTION BY ANY PERSON MAY BE BROUGHT OR MAINTAINED
AGAINST THE STATE OR ANY OFFICER OF THE STATE FOR OR ON
ACCOUNT OF ANY TRANSACTION ENTERED INTO PURSUANT TO AND
IN ACCORDANCE WITH THE PROVISIONS OF THIS SECTION.

REVISOR'S NOTE: This section presently appears as
Art. 95C, §15.

In subsection (b) of this section, the present
reference to "Baltimore City" is deleted as
unnecessary in light of the definition of
"county" in §17—101.

The only other changes are technical changes
in style.

DISPOSITION OF FUNDS RECEIVED UNDER TITLE.

ADMINISTRATOR TO CREATE SPECIAL FUND.

(1)   ALL FUNDS RECEIVED UNDER THIS TITLE,
INCLUDING THE PROCEEDS OF THE SALE OF ABANDONED PROPERTY
UNDER §17-120, SHALL BE CREDITED BY THE ADMINISTRATOR TO
A SPECIAL FUND. THE ADMINISTRATOR SHALL RETAIN IN THE
SPECIAL FUND AT THE END OF EACH FISCAL YEAR, FROM THE
PROCEEDS RECEIVED BY HIM, AN AMOUNT NOT TO EXCEED
$50,000, FROM WHICH SUM HE SHALL PAY ANY CLAIM ALLOWED BY
HIM OR ALLOWED BY A COURT OF LAW UNDER THIS TITLE.

(2)   AFTER DEDUCTING ALL COSTS INCURRED IN
ADMINISTERING THIS TITLE ON A PRO RATA BASIS, AS PROVIDED
IN SUBSECTION (C) OF THIS SECTION, THE BALANCE OF FUNDS
SHALL BE DISTRIBUTED AT LEAST ONCE ANNUALLY OR AT ANY
OTHER TIME THAT THE ADMINISTRATOR IN HIS DISCRETION
DETERMINES. THE FUNDS SHALL BE ALLOCATED AS FOLLOWS:

(i) TO EACH COUNTY OF THE STATE, THE FUNDS OF
OWNERS WHOSE LAST KNOWN ADDRESS WAS SHOWN BY THE RECORDS
OF THE HOLDER TO BE IN THE COUNTY; AND

(ii) TO THE STATE FOR DEPOSIT IN THE GENERAL

17-121.