Maryland Enacts Unclaimed Property House Bill 305 (MD HB 305)

Freda Pepper
June 1, 2022

On May 30, 2022, Maryland House Bill 305 (MD HB 305) was enacted into law. It becomes effective on October 1, 2022.

The bill makes changes to Maryland’s law by adopting “lack of valid address” as the trigger for dormancy for both banking and securities-related property.

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Freda Pepper

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