Welcome to the Maryland Unclaimed Property section for Businesses. As Comptroller, one of my top priorities is reuniting Marylanders with their lost or misplaced property. This includes items, such as jewelry, coins and other collectibles, as recovered from abandoned safe deposit boxes. Financial institutions, insurance companies and corporations are required to report contents of safe deposit boxes, bank accounts, wages, insurance benefits, security deposits, stock dividends and other property to our office if they remain unclaimed for three or more years. All money collected from auctioned items is kept for the original owner (or rightful heirs) and can be claimed at any time. Here at the Comptroller's Office, we take our responsibility to locate the owners of unclaimed property very seriously. Over the years, we have reunited over $300 million in cash and items to rightful owners.
As a proud board member of the National Association of Unclaimed Property Administrators (NAUPA), I will continue to look for new and innovative ways to proactively reunite every Marylander with their unclaimed property.
The information presented below should provide you with all the information you need to understand and carry out your obligations in the handling of abandoned property.