Section 17-202 - Agreement with federal government. - Maryland Statutes

§ 17-202. Agreement with federal government.
 

(a)  Duty of Administrator.- The Administrator shall endeavor to enter into an agreement with the federal government concerning abandoned property in federal custody. 

(b)  Contents of agreement.- 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. 
 

[1981, ch. 752; 2005, ch. 25, § 13.]