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Session Laws, 1981
Volume 741, Page 2895   View pdf image
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HARRY HUGHES, Governor                                2895

MONTGOMERY______________________________________62,333

PRINCE GEORGE'S_________________________________65,000

QUEEN ANNE'S_____________________________________2,333

ST. MARY'S_______________________________________4,333

SOMERSET_________________________________________2,000

TALBOT___________________________________________5,000

WASHINGTON______________________________________16,333

WICOMICO_________________________________________3,333

WORCESTER________________________________________3,000

THE ADMINISTRATOR SHALL DISTRIBUTE THE BALANCE IN THE
GENERAL FUNDS OF 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.]

17-123.

(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 beard 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.

(C) IN SATISFYING A CLAIM THE ADMINISTRATOR SHALL PAY
THE CLAIMANT AN AMOUNT EQUAL TO THE SALES PRICE OBTAINED AT
THE PUBLIC SALE PLUS INTEREST AT THE RATE EQUAL TO THAT
EARNED BY THE STATE TREASURER EACH YEAR ON INVESTED STATE
FUNDS.

17-127.

(a) ANY PERSON WHO FAILS TO PAY OR DELIVER ABANDONED
PROPERTY TO THE ADMINISTRATOR AS REQUIRED BY THIS TITLE
SHALL PAY A PENALTY EQUAL TO 25 PERCENT OF THE VALUE OF THE
PROPERTY. If any person fails to file any report or refuses
to deliver property to the administrator as required by this
title, the administrator [shall] MAY bring an action in a

 

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Session Laws, 1981
Volume 741, Page 2895   View pdf image
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