Maryland Statutes
Subtitle 2 - Abandoned Property in Federal Custody
Section 17-202 - Agreement With Federal Government

(a)    The Administrator shall endeavor to enter into an agreement with the federal government concerning abandoned property in federal custody.
    (b)    The agreement shall provide:
        (1)    Unless federal law provides otherwise, that tangible abandoned property in federal custody that was initially acquired in this State shall be delivered to the Administrator;
        (2)    That if the last known address of any owner of intangible abandoned property in federal custody is in this State:
            (i)    The situs of the abandoned property is in this State, and the abandoned property shall be delivered to the Administrator; and
            (ii)    That the address of any other owner of the abandoned property in federal custody is determined by federal law;
        (3)    For payment of the State’s proportionate share of costs incurred by the federal government in:
            (i)    Investigating records of abandoned property;
            (ii)    Reporting information about abandoned property to the Administrator; and
            (iii)    Delivering the abandoned property to the Administrator;
        (4)    The manner and times of payment, including a provision that payments may be made at stated times over a period of years;
        (5)    That this State indemnifies the federal government against any claim made as a result of the delivery of abandoned property to this State under the agreement; and
        (6)    That the Attorney General of this State shall intervene in any action or proceeding brought against the federal government as a result of action taken in accordance with the agreement.

Structure Maryland Statutes