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2888 LAWS OF MARYLAND Ch. 774
(L) "SERVICE CHARGE" MEANS ANY TYPE OF DEDUCTION OR
CHARGE MADE BY A HOLDER ON PROPERTY PRESUMED ABANDONED UNDER
THIS TITLE.
17-103.
The administrator may adopt the necessary rules and
regulations to carry out the provisions of this title.
(B) THE ADMINISTRATOR MAY CONTINUE TO REGULATE THE
IMPOSITION OF SERVICE CHARGES ON PROPERTY DURING THE PERIOD
OF TIME GIVING RISE TO THE PRESUMPTION OF ABANDONMENT BY
ADOPTING RULES AND REGULATIONS RELATING TO SERVICE CHARGES.
17-105.
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 last known address of the fact that
the property will be considered abandoned and he has not
responded within 30 days to the notification:
(1) Any demand, savings, or matured time deposit
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] 5 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;
(2) Any funds paid in the State toward the
purchase of shares or other interest in a financial
organization, or any deposit made with these funds in the
State, and any interest or dividends on these, excluding any
charges that lawfully may be withheld, unless, within [12]
5 years, the owner has:
(i) Increased or decreased the amount of
the funds or deposit, or presented an appropriate record for
the crediting of interest or dividends;
(ii) Corresponded in writing with the
financial organization concerning the funds or deposit; or
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