§ 17-301 When property presumed abandoned – Tangible or intangible personal property held by banking or financial organization or business association
§ 17-302 When property presumed abandoned – Insurance funds
§ 17-303 When property presumed abandoned – Funds held by utility
§ 17-304 When property presumed abandoned – Stock or sum held by business association
§ 17-305 When property presumed abandoned – Personal property distributable on forfeiture of charter or voluntary dissolution of business association
§ 17-306 When property presumed abandoned – Intangible personal property held in fiduciary capacity
§ 17-307 When property presumed abandoned – Intangible personal property held by court or public authority
§ 17-307.1 When property presumed abandoned – Unclaimed proceeds from sale of personal property at self-service storage facility
§ 17-308 Unclaimed wages, outstanding payroll checks, or intangible personal property held or owing in ordinary course of holder’s business; failure to make demand
§ 17-308.1 Charges or cessation of benefits on dormant or inactive accounts
§ 17-308.2 Notification of apparent owner of presumed abandoned property
§ 17-309 When property held for owner in another state not presumed abandoned
§ 17-310 Report by holder of property presumed abandoned
§ 17-310.1 Report by financial organization, insurance corporation, or utility neither holding nor owing abandoned property
§ 17-311 Notice to persons who appear to be owners of abandoned property
§ 17-312 Delivery of abandoned property to Administrator
§ 17-313 Custody and safekeeping of property delivered to Administrator; former holder relieved of liability; reimbursement of former holder for payment to person entitled
§ 17-315 Effect of expiration of period of limitation
§ 17-316 Sale of abandoned property delivered to Administrator
§ 17-316 v2 Sale of abandoned property delivered to Administrator
§ 17-317 Disposition of funds received under title
§ 17-318 Filing claim to property or proceeds of sale
§ 17-319 Consideration of claim by Administrator; payment of claim; interest
§ 17-320 Judicial review of Administrator’s action
§ 17-321 Administrator may decline to receive certain property
§ 17-322 Examination of records of persons who have failed to report property; compelling testimony; contempt proceedings
§ 17-323 Enforcement and penalties
§ 17-324 Interstate cooperation
§ 17-325 Agreements to pay compensation
§ 17-326 Short title

Terms Used In Maryland Code > COMMERCIAL LAW > Title 17 > Subtitle 3 - Abandoned Property in This State

  • Administrator: includes an executor and a personal representative. See
  • Annuity: A periodic (usually annual) payment of a fixed sum of money for either the life of the recipient or for a fixed number of years. A series of payments under a contract from an insurance company, a trust company, or an individual. Annuity payments are made at regular intervals over a period of more than one full year.
  • Assets: (1) The property comprising the estate of a deceased person, or (2) the property in a trust account.
  • Contract: A legal written agreement that becomes binding when signed.
  • Corporation: A legal entity owned by the holders of shares of stock that have been issued, and that can own, receive, and transfer property, and carry on business in its own name.
  • County: means a county of the State or Baltimore City. See
  • Damages: Money paid by defendants to successful plaintiffs in civil cases to compensate the plaintiffs for their injuries.
  • Escheat: Reversion of real or personal property to the state when 1) a person dies without leaving a will and has no heirs, or 2) when the property (such as a bank account) has been inactive for a certain period of time. Source: OCC
  • Escrow: Money given to a third party to be held for payment until certain conditions are met.
  • Evidence: Information presented in testimony or in documents that is used to persuade the fact finder (judge or jury) to decide the case for one side or the other.
  • Fiduciary: A trustee, executor, or administrator.
  • Fiscal year: The fiscal year is the accounting period for the government. For the federal government, this begins on October 1 and ends on September 30. The fiscal year is designated by the calendar year in which it ends; for example, fiscal year 2006 begins on October 1, 2005 and ends on September 30, 2006.
  • including: means includes or including by way of illustration and not by way of limitation. See
  • Intangible property: Property that has no intrinsic value, but is merely the evidence of value such as stock certificates, bonds, and promissory notes.
  • Interest rate: The amount paid by a borrower to a lender in exchange for the use of the lender's money for a certain period of time. Interest is paid on loans or on debt instruments, such as notes or bonds, either at regular intervals or as part of a lump sum payment when the issue matures. Source: OCC
  • Jurisdiction: (1) The legal authority of a court to hear and decide a case. Concurrent jurisdiction exists when two courts have simultaneous responsibility for the same case. (2) The geographic area over which the court has authority to decide cases.
  • Lease: A contract transferring the use of property or occupancy of land, space, structures, or equipment in consideration of a payment (e.g., rent). Source: OCC
  • Liabilities: The aggregate of all debts and other legal obligations of a particular person or legal entity.
  • Lien: A claim against real or personal property in satisfaction of a debt.
  • Mortgage: The written agreement pledging property to a creditor as collateral for a loan.
  • Oath: A promise to tell the truth.
  • Obligation: An order placed, contract awarded, service received, or similar transaction during a given period that will require payments during the same or a future period.
  • Partnership: A voluntary contract between two or more persons to pool some or all of their assets into a business, with the agreement that there will be a proportional sharing of profits and losses.
  • Person: includes an individual, receiver, trustee, guardian, personal representative, fiduciary, representative of any kind, corporation, partnership, business trust, statutory trust, limited liability company, firm, association, or other nongovernmental entity. See
  • Personal property: All property that is not real property.
  • Real property: Land, and all immovable fixtures erected on, growing on, or affixed to the land.
  • Restitution: The court-ordered payment of money by the defendant to the victim for damages caused by the criminal action.
  • state: means :

    (1) a state, possession, territory, or commonwealth of the United States; or

    (2) the District of Columbia. See
  • Statute: A law passed by a legislature.
  • Subpoena: A command to a witness to appear and give testimony.
  • Testify: Answer questions in court.
  • Tort: A civil wrong or breach of a duty to another person, as outlined by law. A very common tort is negligent operation of a motor vehicle that results in property damage and personal injury in an automobile accident.