1. (1) The holder is in possession of property subject to the provisions of this title; and
2. (2) The property will be considered abandoned unless the owner responds within 30 days of the notification to the holder.

Not more than 120 days or less than 30 days before the filing of the report required under § 17-310 of this subtitle, the holder in possession of presumed abandoned property shall send a written notice by first-class mail to the apparent owner of presumed abandoned property valued at $100 or more to the owner's last known address informing the owner that:

Added by Acts 2003, c. 36, § 1, eff. July 1, 2003. Amended by Acts 2005, c. 34, § 1, eff. July 1, 2005.