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PARRIS N. GLENDENING, Governor Ch. 440
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or decreased the principal, accepted payment of principal or income, corresponded in
writing concerning the property, or otherwise indicated an interest as evidenced by a
memorandum on file with the fiduciary.
17-307.
All intangible personal property held for the owner by any court, public
corporation, public authority, or public officer of this State or any political subdivision
of it that has remained unclaimed by the owner for more than [5] 4 years is presumed
abandoned.
17-308.
(a) All unclaimed wages or outstanding payroll checks held or owing in the
ordinary course of the holder's business, that have remained unclaimed by the owner
for more than [5] 4 years after they became payable, are presumed abandoned.
(b) All intangible personal property, not otherwise covered by this title,
including any income or increment on it and deducting any lawful charges, that is
held or owing in the ordinary course of the holder's business and has remained
unclaimed by the owner for more than [5] 4 years after it became payable or
distributable, is presumed abandoned.
(c) Property is payable or distributable for the purpose of this title
notwithstanding the owner's failure to make demand or to present any instrument or
document required to receive payment.
(d) Property is reportable to this State under subsection (b) of this section
under the priority rules established under § 17-301(c) of this subtitle.
Article - Environment
9-228.
(g) (5) A tire dealer who timely files a tire recycling fee return and pays the
tire recycling fees due is allowed, for the expense of administering and paying the fee,
a credit equal to [1.2%] 0.6% of the gross amount of tire recycling fees that the tire
dealer is to pay to the Comptroller.
Article - Public Utility Companies
7-203.
(d) (2) The Department of Natural Resources shall credit against the
amount the Commission requires each electric company to pay into the
Environmental Trust Fund [1.5%] 0.75% of the total surcharge amount attributed to
the electric company on the basis of the amount of the electricity distributed in the
State.
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- 3605 -
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