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Current as of January 01, 2025 | Updated by Findlaw Staff
All intangible personal property and any income or increment on it, held in a fiduciary capacity for the benefit of another person, is presumed abandoned unless, within 3 years after it becomes payable or distributable, the owner has increased or decreased the principal, accepted payment of principal or income, corresponded in writing concerning the property, or otherwise indicated an interest as evidenced by a memorandum on file with the fiduciary.
Cite this article: FindLaw.com - Maryland Code, Commercial Law § 17-306 - last updated January 01, 2025 | https://codes.findlaw.com/md/commercial-law/md-code-coml-sect-17-306/
FindLaw Codes may not reflect the most recent version of the law in your jurisdiction. Please verify the status of the code you are researching with the state legislature before relying on it for your legal needs.
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