The period of abandonment for any property automatically renewable according to its terms that is subject to §§17-301 and 17-308 shall commence after the expiration of its initial term. If, at the time provided for delivery in §17-312, a penalty or forfeiture in payment of interest would result from the delivery of that property, the time for delivery shall be extended until such time as no penalty or forfeiture would result.

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)