2806

LAWS OF MARYLAND

Ch. 752

from the proceeds received [by him], an amount not to exceed
$50,000, from which sum [he] THE ADMINISTRATOR 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 funds of the State, the funds of owners for whom
there is no last known address in the State.

(b)  Before making the distribution, the administrator
shall record the name and last known address, if any, of the
owners of funds so distributed and the type of property
which the funds distributed represent. The record shall be
available for public inspection during reasonable business
hours by any person who claims a legal interest in any
property held by the administrator, provided that the person
gives prior notice to the administrator.

(c)  Before making any distribution to the counties or
the State, the administrator shall deduct all costs incurred
in administering this title.

[17-122] 17-318.

Any person who claims a legal interest in any property
delivered to the State under this title must file a claim to
the property or to the proceeds from its sale on the form
prescribed by the administrator.

[17-123] 17-319.

(a) (1) The administrator shall consider any claim
filed under this title and may hold a hearing and receive
evidence concerning it.

(2) If a hearing is held, he shall prepare a
finding and a decision in writing on each claim filed,
stating the substance of any evidence heard by him and the
reasons for his decision. The decision shall be a public
record.

(b)  If the claim is allowed, the administrator
immediately shall make payment. The claim shall be paid
without deduction for costs of notices or sale or for
service charges.