PARRIS N. GLENDENING, Governor S.B. 229

(3) THE SUBTRACTION UNDER PARAGRAPH (2) OF THIS SUBSECTION
INCLUDES INTEREST ON THE PROCEEDS RECEIVABLE AS INSURANCE UNDER
POLICIES ISSUED TO A HOLOCAUST VICTIM BY EUROPEAN INSURANCE COMPANIES
IMMEDIATELY PRIOR TO AND DURING WORLD WAR II TO A VICTIM OF NAZI
PERSECUTION.

(4) THE SUBTRACTION UNDER PARAGRAPH (3) OF THIS SUBSECTION
DOES NOT INCLUDE ASSETS ACQUIRED WITH THE ASSETS DESCRIBED IN
PARAGRAPH (2) OF THIS SUBSECTION OR WITH THE PROCEEDS FROM THE SALE OF
THE ASSETS DESCRIBED IN PARAGRAPH (2) OF THIS SUBSECTION.

(5) THE SUBTRACTION UNDER PARAGRAPH (2)(I) OF THIS SUBSECTION
SHALL ONLY APPLY IF THE INDIVIDUAL IS THE FIRST RECIPIENT OF THE ASSETS
DESCRIBED IN PARAGRAPH (2)(I) OF THIS SUBSECTION AFTER THEIR RECOVERY AND
IS:

(I) A VICTIM OF NAZI PERSECUTION; OR

(II) A SPOUSE OR DESCENDANT OF A VICTIM OF NAZI

PERSECUTION.

(4) THE SUBTRACTION UNDER PARAGRAPH (2) OF THIS SUBSECTION
DOES NOT INCLUDE:

(I) ASSETS ACQUIRED WITH THE ASSETS DESCRIBED IN
PARAGRAPH (2) OF THIS SUBSECTION; OR

(II) ASSETS ACQUIRED WITH THE PROCEEDS FROM THE SALE OF
THE ASSETS DESCRIBED IN PARAGRAPH (2) OF THIS SUBSECTION

(5) THE SUBTRACTION UNDER PARAGRAPH (2)(I) OF THIS SUBSECTION
SHALL ONLY APPLY IF THE INDIVIDUAL:

(I) IS THE FIRST RECIPIENT OF THE ASSETS DESCRIBED IN
PARAGRAPH (2)(I) OF THIS SUBSECTION AFTER THEIR RECOVERY AND

(II) IS:

1. A HOLOCAUST VICTIM; OR

2. A SPOUSE OR DESCENDANT OF A HOLOCAUST VICTIM.
Article - Insurance
TITLE 28. HOLOCAUST VICTIMS INSURANCE ACT.

28-101.

(A) IN THIS TITLE THE FOLLOWING WORDS HAVE THE MEANINGS INDICATED.

(B) " HOLOCAUST VICTIM" MEANS AN INDIVIDUAL, CLAIMANT, OR THE
ESTATE, HEIR LEGATEE, DESCENDANT, SURVIVOR BENEFICIARY, OR OTHER
SUCCESSOR-IN-INTEREST OF THE INDIVIDUAL, WHO DIED OR LOST PROPERTY AS A
RESULT OF DISCRIMINATORY LAWS, POLICIES, OR ACTIONS TARGETED AGAINST