HARRY HUGHES, Governor

2797

(2) WITHIN 90 DAYS OF THE POSTING OF THE REPORT
OF ABANDONED PROPERTY IN FEDERAL CUSTODY, SHALL NOTIFY THE
ADMINISTRATOR OF THE ASSERTED INTEREST AND INTENT TO CLAIM.

(B) IF THE ADMINISTRATOR RECEIVES NOTICE UNDER THIS
SECTION, THE ABANDONED PROPERTY IN QUESTION SHALL BE OMITTED
FROM ANY CLAIM BY THIS STATE UNTIL A FINAL JUDICIAL
DETERMINATION IS MADE OF THE CLAIM.

17-207.

IF A JUDICIAL DETERMINATION IS MADE "AGAINST A CLAIMANT
OF ABANDONED PROPERTY IN FEDERAL CUSTODY, THE CLAIMANT MAY
NOT ASSERT A CLAIM AGAINST THIS STATE.

17-208.

THE EXPIRATION OF ANY LIMITATIONS PERIOD SET BY STATUTE
OR COURT ORDER DOES NOT AFFECT THE RIGHT OF THIS STATE TO
ACQUIRE POSSESSION OF ABANDONED PROPERTY IN FEDERAL CUSTODY.

17-209.

THIS SUBTITLE SHALL BE CONSTRUED TO EFFECT ITS GENERAL
PURPOSE TO MAKE UNIFORM THE LAWS OF THOSE STATES WHICH ENACT
IT.

SUBTITLE 3. ABANDONED PROPERTY IN THIS STATE

[17-105] 17-301.

The following property held [or owing] by a banking or
financial organization, or business association is presumed
abandoned, if the depositor has been issued a notice by
first class mail to [his] THE DEPOSITOR'S last known address
of the fact that the property will be considered abandoned
and [he has not responded] THERE IS NO RESPONSE within 30
days to the notification:

(1) Any demand, savings, or matured time deposit
ACCOUNT made in the State with a banking organization,
together with any interest or dividend on it, excluding any
charges that lawfully may be withheld, unless, within 12
years, the owner has:

(i) Increased or decreased the amount of
the deposit;

(ii) Presented [the passbook or other
similar] evidence of the deposit for the crediting of
interest;

(iii) Corresponded in writing with the
banking organization concerning the deposit; or

(iv) Otherwise indicated an interest in
the deposit as evidenced by a memorandum on file with the
banking organization;