2802

LAWS OF MARYLAND

Ch. 752

If specific property which is subject to the provisions
of this [title] SUBTITLE 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]
SUBTITLE 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.

[17-114] 17-310.

(a)  Every person holding funds or other tangible or
intangible property presumed abandoned under this [title]
SUBTITLE shall report to the administrator with respect to
the property as provided in this section.

(b)  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 records of the
holder to be the owner of any property valued at $25 or more
and presumed abandoned under this [title] SUBTITLE;

(2)  In case of unclaimed funds of an insurance
corporation, the full name of the insured, annuitant,
principal, or claimant, and [his] THE last known address
according to the insurance corporations' records;

(3)  The nature and identifying number, if any,
or description of the property and the amount which appears
from the records to be due, except that items valued at less
than $25 each may be reported in the aggregate;

(4)  The date when the property became payable,
demandable, or returnable, and the date of the last
transaction with the owner with respect to the property; and

(5)  Any other information which the
administrator prescribes by rule as necessary for the
administration of this title.

(c)  If the person holding property presumed abandoned
is a successor to any other person who previously held the
property for the owner, or if the holder has changed his
name while holding the property, [he] THE PERSON shall file
with [his] THE report all prior known names and addresses of
each holder of the property.

(d)  The report shall be for the period of July 1
through June 30 of each year and filed no later than October