{"data":{"id":"us-md/md.-code-commercial-law-17-323","jurisdiction":"us-md","citation":"Md. Code, Commercial Law § 17–323","heading":"","body":"(a) (1) A person who fails to pay or deliver abandoned property to the Administrator as required by this title shall pay a penalty equal to 15% of the value of the property.\n(2) If a person fails to file any report or refuses to deliver property to the Administrator as required by this title, the Administrator may bring an action in a court of appropriate jurisdiction to require the filing of the report and to enforce delivery of the property.\n(b) A person who willfully fails to render any report or perform any other duty required by this subtitle is subject to a fine of $100 for each day the report is withheld, but not more than $5,000.\n(c) In addition to the provisions of subsection (a) of this section, a person who willfully refuses to pay or deliver abandoned property to the Administrator as required by this subtitle is subject to a fine of not less than $500 nor more than $5,000 or imprisonment for not more than six months or both.\n(d) The Administrator may waive any penalty required under this section.","path":["Article - Commercial Law"],"source_url":"https://mgaleg.maryland.gov/mgawebsite/Laws/StatuteText?article=gcl\u0026section=17-323","current_through":"2026-01-01","vintage":"","retrieved_at":"2026-09-14T19:56:33Z","sha256":"5b4337ad4fa21b03db2b397bdfc0c7b65b9ea33e95f5a1b8c1be851a9af12b22","source_id":"us-md","stale":false,"prev":"us-md/md.-code-commercial-law-17-322","next":"us-md/md.-code-commercial-law-17-324"},"notice":"GroundRules: Original legal text. Not legal advice."}