Maryland legislation · 2025 Regular Session
Maryland HB761: Maryland Uniform Disposition of Abandoned Property Act - Revisions
Status: Chaptered, May 20, 2025
Making certain virtual currency subject to the abandoned property laws in the State; establishing certain provisions to determine certain information about certain apparent owners of abandoned property; altering and establishing certain provisions pertaining to the presumption of abandonment for certain types of property; establishing certain procedures to establish the death of a certain insured or certain annuitant; altering from $100 to $50 the value at which the Comptroller is required to publish a certain notice; etc.
What the bill says
An act concerning Maryland Uniform Disposition of Abandoned Property Act - Revisions FOR the purpose of making certain virtual currency subject to the abandoned property laws in the State; establishing provisions to determine certain information about certain apparent owners of abandoned property; providing that a certain operation does not prevent certain insurance policies from maturing or terminating; altering and establishing certain provisions pertaining to the presumption of abandonment for certain types of property…
From the enrolled text, June 4, 2025:
AN ACT concerning Maryland Uniform Disposition of Abandoned Property Act - Revisions FOR the purpose of making certain virtual currency subject to the abandoned property laws in the State; establishing provisions to determine certain information about certain apparent owners of abandoned property; providing that a certain operation does not prevent certain insurance policies from maturing or terminating; altering and establishing certain provisions pertaining to the presumption of abandonment for certain types of property; establishing certain procedures to establish the death of a certain insured or certain annuitant; altering the dollar value at which the Comptroller is required to publish certain notice; authorizing the Comptroller to retain, for certain purposes, certain funding from proceeds obtained through the disposition of abandoned property; altering the procedures for filing a claim with the Comptroller to reclaim abandoned property; and generally relating to the Maryland Uniform Disposition of Abandoned Property Act. BY repealing and reenacting, with amendments, Article - Commercial Law Section 17-101, 17-301, 17-302, 17-304(a)(2)(i), 17-308(d), 17-308.1(b), 17-311(c), 17-317(a)(1), and 17-318 through 17-320 Annotated Code of Maryland (2013 Replacement Volume and 2024 Supplement) BY adding to Article - Commercial Law Section 17-301, 17-302.1, 17-306.1, 17-307.2, and 17-319.1 Annotated Code of Maryland (2013 Replacement Volume and 2024 Supplement) SECTION 1. BE IT ENACTED BY THE GENERAL ASSEMBLY OF MARYLAND, That the Laws of Maryland read …