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PARRIS N. GLENDENING, Governor Ch. 440
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(ii) Presented evidence of the deposit for the crediting of interest;
(iii) Corresponded in writing with the banking organization
concerning the deposit;
(iv) Engaged in any credit, trust, or other deposit transaction with
the banking organization; or
(v) Otherwise indicated an interest in the deposit as evidenced by a
memorandum on file with the banking organization;
(2) Any funds paid toward the purchase of shares or other interest in a
financial organization, or any deposit made with these funds, and any interest or
dividends on these, excluding any charges that lawfully may be withheld, unless,
within [4] 3 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;
(iii) Engaged in any credit, share, or other deposit transaction with
the financial organization; or
(iv) Otherwise indicated an interest in the funds or deposit as
evidenced by a memorandum on file with the financial organization;
(3) Any sum payable on a check certified in this State or on a written
instrument issued in this State on which a banking or financial organization or
business association is directly liable, including any certificate of deposit, draft,
traveler's check, and money order, that has been outstanding for more than [4] 3
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 [4] 3 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
(4) Any property removed from a safekeeping repository on which the
lease or rental period has expired or any surplus amounts arising from the sale of the
property pursuant to law, that have been unclaimed by the owner for more than [4]
3 years from the date on which the lease or rental period expired.
17-302.
(a) Funds held or owing under any life or endowment insurance policy or
annuity contract that has matured or terminated are presumed abandoned if
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- 3615 -
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