If specific property which is subject to the provisions of this subtitle is held for an owner whose last known address is in another state, the specific property is not presumed abandoned in this State and is not subject to this subtitle if:
(1) It may be claimed as abandoned or escheated under the laws of the other state; and
(2) The laws of the other state make reciprocal provision that similar specific property is not presumed abandoned or escheatable by the other state when held for an owner whose last known address is in this State.
Structure Maryland Statutes
Title 17 - Disposition of Abandoned Property
Subtitle 3 - Abandoned Property in This State
Section 17-302 - When Property Presumed Abandoned -- Insurance Funds
Section 17-303 - When Property Presumed Abandoned -- Funds Held by Utility
Section 17-304 - When Property Presumed Abandoned -- Stock or Sum Held by Business Association
Section 17-308.1 - Charges or Cessation of Benefits on Dormant or Inactive Accounts
Section 17-308.2 - Notification of Apparent Owner of Presumed Abandoned Property
Section 17-309 - When Property Held for Owner in Another State Not Presumed Abandoned
Section 17-310 - Report by Holder of Property Presumed Abandoned
Section 17-311 - Notice to Persons Who Appear to Be Owners of Abandoned Property
Section 17-312 - Delivery of Abandoned Property to Administrator
Section 17-315 - Effect of Expiration of Period of Limitation
Section 17-316 - Sale of Abandoned Property Delivered to Administrator
Section 17-317 - Disposition of Funds Received Under Title
Section 17-318 - Filing Claim to Property or Proceeds of Sale
Section 17-319 - Consideration of Claim by Administrator; Payment of Claim; Interest
Section 17-320 - Judicial Review of Administrator's Action
Section 17-321 - Administrator May Decline to Receive Certain Property
Section 17-323 - Enforcement and Penalties
Section 17-324 - Interstate Cooperation