§ 116B-57 – Dormancy charge; other lawful charges.
116B-57. Dormancy charge; other lawful charges. (a) A holder may deduct from property presumed abandoned a reasonable charge imposed by reason of the owner’s failure to claim the property within a specified time only if there is a valid and enforceable written contract between the holder and the owner under which the holder may impose […]
§ 116B-5 – Escheat Fund.
116B-5. Escheat Fund. All property escheated or abandoned under the provisions of this Chapter and all property escheated or abandoned since June 30, 1971, under the provisions of former Chapter 116A, as amended, shall be paid into a fund to be administered by the Treasurer, which fund shall be designated the Escheat Fund. No escheated […]
§ 116B-6 – Administration of Escheat Fund; Escheat Account.
116B-6. Administration of Escheat Fund; Escheat Account. (a) Escheat Account. – All funds received by the Treasurer as escheated or abandoned property and which were transferred prior to January 1, 1980, to the trust fund created under G.S. 116-209 shall remain in that trust fund and shall be placed in a special fund, designated the […]
§ 116B-7 – Distribution of fund.
116B-7. Distribution of fund. (a) The income derived from the investment or deposit of the Escheat Fund shall be distributed annually on or before August 15 to the State Education Assistance Authority for grants and loans to aid worthy and needy students who are residents of this State and are enrolled in public institutions of […]
§ 116B-8 – Employment of persons with specialized skills or knowledge.
116B-8. Employment of persons with specialized skills or knowledge. The Treasurer may employ the services of such independent consultants, real estate managers and other persons possessing specialized skills or knowledge as the Treasurer deems necessary or appropriate for the administration of this Chapter, including valuation, maintenance, upkeep, management, sale and conveyance of property and determination […]
§ 116B-27 – Recodified as § 116B-5 by Session Laws 1999-460, s3(b).
116B-27: Recodified as 116B-5 by Session Laws 1999-460, s. 3(b).
§ 116B-36 – Recodified as § 116B-6 by Session Laws 1999-460, s3(b).
116B-36: Recodified as 116B-6 by Session Laws 1999-460, s. 3(b).
§ 116B-37 – Recodified as § 116B-7 by Session Laws 1999-460, s3(b).
116B-37: Recodified as 116B-7 by Session Laws 1999-460, s. 3(b).
§ 116B-47 – Recodified as § 116B-8 by Session Laws 1999-460, s3(b).
116B-47: Recodified as 116B-8 by Session Laws 1999-460, s. 3(b).
§ 116B-51 – Short title.
116B-51. Short title. This Article may be cited as the "North Carolina Unclaimed Property Act." (1999-460, s. 6.)