HARRY HUGHES, Governor

885

(1)  Compel obedience to the requirements of the
subpoena or order;

(2)  Compel the production of contracts, [form] FORMS,
files, and other evidence; and

(3)  Order compliance with any lawful order issued by
the Commissioner under the provisions of [subparagraph]
SUBSECTION (a)(5) or SUBSECTION (A)(6) of this section.

17-301.

The following property held 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 the
depositor's last known address of the fact that the property will
be considered abandoned and there is no response within 30 days
to the notification:

(3) Any sum payable on a check certified in the State
or on a written instrument issued in the State on which a banking
or financial organization or business association is directly
liable, including any certificate of deposit, draft, [travelers]
TRAVELER'S check, and money order, that has been outstanding for
more than 5 years from the date it was payable (or 15 years in
the case of a traveler's check) or, if payable on demand, from
the date of its issuance, unless, within 5 years or 15 years in
the case of a traveler's check, the owner has:

(i) Corresponded in writing with the banking or
financial organization or business association concerning it; or

(ii) Otherwise indicated an interest as
evidenced by a memorandum on file with the banking or financial
organization or business association; and

Article - Corporations and Associations

3-518.

(b) After the expiration of the time specified in the
notice, the [directors-trustees] DIRECTOR-TRUSTEE or receiver may
distribute to each stockholder who has proved his interest his
proportionate share of the assets, reserving the shares of those
who have not proved their interests. Thereafter, the
director-trustees or receiver may incur reasonable expenses in
locating the remaining stockholders and securing proof of
interests from them and may charge the expenses against the funds
undistributed at the time the expenses are incurred. From time to
time the director-trustees or receiver may distribute a
proportionate share to any stockholder who has proved his
interest since the prior distribution.

3-601.