Maryland § 17-202

§ 17-202.

    (a)    The Administrator shall endeavor to enter into an agreement with the federal government concerning abandoned property in federal custody.

    (b)    The agreement shall provide:

        (1)    Unless federal law provides otherwise, that tangible abandoned property in federal custody that was initially acquired in this State shall be delivered to the Administrator;

        (2)    That if the last known address of any owner of intangible abandoned property in federal custody is in this State:

            (i)    The situs of the abandoned property is in this State, and the abandoned property shall be delivered to the Administrator; and

            (ii)    That the address of any other owner of the abandoned property in federal custody is determined by federal law;

        (3)    For payment of the State’s proportionate share of costs incurred by the federal government in:

            (i)    Investigating records of abandoned property;

            (ii)    Reporting information about abandoned property to the Administrator; and

            (iii)    Delivering the abandoned property to the Administrator;

        (4)    The manner and times of payment, including a provision that payments may be made at stated times over a period of years;

        (5)    That this State indemnifies the federal government against any claim made as a result of the delivery of abandoned property to this State under the agreement; and

        (6)    That the Attorney General of this State shall intervene in any action or proceeding brought against the federal government as a result of action taken in accordance with the agreement.