Contractual agreements are not permitted which tend to circumvent the intention of the Maryland General Assembly and provide any holder subject to this Article with a windfall or private escheat practice. The total reported shall be the amount the owner would have received had the property not been abandoned.

Authority: Commercial Law Article, §17-103, Annotated Code of Maryland

Effective date: October 17, 1974 (1:1 Md. R. 13)

Regulations .01—.05 amended effective October 1, 1975 (2:22 Md. R. 1369)

Regulation .06 adopted effective October 1, 1975 (2:22 Md. R. 1369)

Chapter revised effective January 7, 1982 (8:26 Md. R. 2104)

Regulation .01 amended effective September 30, 2002 (29:19 Md. R. 1523); September 19, 2022 (49:19 Md. R. 867)

Regulation .02 amended effective September 19, 2022 (49:19 Md. R. 867)

Regulation .02C amended effective September 30, 2002 (29:19 Md. R. 1523)

Regulation .02D adopted effective September 30, 2002 (29:19 Md. R. 1523)

Regulation .02E adopted effective September 30, 2002 (29:19 Md. R. 1523)

Regulation .02E amended effective September 1, 2003 (30:16 Md. R. 1073)

Annotation: COMAR 03.05.01.02 cited in Attorney General Opinion No. 81-035

(November 24, 1981)