Ch. 517                                    2004 LAWS OF MARYLAND

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] DIRECTORS or receiver may distribute a proportionate
share to any stockholder who has proved his interest since the prior distribution.

(c)     No earlier than three years from the date of the original notice, the
[director-trustees] DIRECTORS or receiver may distribute all surplus assets
remaining under his control to those stockholders who have proved their interests
and are entitled to distribution. After final distribution, the interest of any
stockholder who has not proved his interest is forever barred and foreclosed.

(d)     (1) Any assets remaining unclaimed 60 days after the final distribution,
whether through failure or inability of the postal authorities to deliver the
distribution checks or for any other reason is presumed abandoned and shall be
reported to the abandoned property unit of the State Comptroller's office in
accordance with Title 17 of the Commercial Law Article, the Maryland Uniform
Disposition of Abandoned Property Act.

(2) The [director-trustees] DIRECTORS or receiver are released and
discharged from all further liability in the matter on payment or delivery of all
unclaimed assets to the abandoned property unit of the State Comptroller's office.

SECTION 2. AND BE IT FURTHER ENACTED, That this Act shall take effect
June 1, 2004.

Approved May 26, 2004.

CHAPTER 517
(House Bill 755)

AN ACT concerning

Young Farmers Advisory Board

FOR the purpose of establishing the Young Farmers Advisory Board; specifying the
membership, terms of membership, and duties of the Advisory Board; requiring
the Governor to make certain appointments to the Advisory Board; providing for
the election of a chairperson, vice chairperson, and secretary of the Advisory
Board; establishing meeting requirements for the Advisory Board; requiring the
Department of Agriculture to provide certain staffing; prohibiting a member of
the Advisory Board from receiving certain compensation and authorizing the
receipt of certain reimbursement; requiring certain Advisory Board members to
attend certain meetings and submit certain reports; providing for the
termination of this Act; and generally relating to the establishment,
membership, and duties of the Young Farmers Advisory Board.

BY adding to

Article - Agriculture

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