Maryland § 17-307.2
Full text of Maryland Maryland Code § 17-307.2, with citation guidance and answers to common questions.
§ 17-307.2.
(a) Virtual currency is presumed abandoned if it remains unclaimed 5 years after the last indication of apparent owner interest in the property.
(b) Within 30 days before the filing of the report required under § 17–310 of this subtitle, the holder of abandoned virtual currency shall liquidate the virtual currency.
(c) The holder shall remit any liquidation proceeds to the Administrator.
(d) Notwithstanding any other provision under this subtitle, an owner has no right of recourse against a holder or the Administrator to recover any gain in value to the virtual currency that occurs after the liquidation described under subsection (b) of this section.
Frequently Asked Questions About Maryland § 17-307.2
What does Maryland Code § 17-307.2 cover?
Section 17-307.2 is part of the Maryland Code, the codified statutory law of Maryland. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite Maryland § 17-307.2?
A common citation format is "Maryland Code § 17-307.2" (Maryland). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of Maryland law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Maryland official source linked on this page or consult a licensed Maryland attorney.
How does Maryland § 17-307.2 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Maryland can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in Maryland.