116B-70. Destruction or disposition of property having no substantial commercial value; immunity from liability; property of historical significance. (a) If the Treasurer determines after investigation that property delivered under this Chapter has no substantial commercial value, the Treasurer may destroy or otherwise dispose of the property at any time. An action or proceeding may not […]
116B-71. Periods of limitation. (a) The expiration, before or after the effective date of this Article, of a period of limitation on the owner’s right to receive or recover property, whether specified by contract, statute, or court order, does not preclude the property from being presumed abandoned or affect a duty of a holder to […]
116B-72. Requests for reports and examination of records. (a) The Treasurer may require a person who has not filed a report, or a person who the Treasurer believes has filed an inaccurate, incomplete, or false report, to file a verified report in a form specified by the Treasurer. The report must state whether the person […]
116B-73. Retention of records. (a) Except as otherwise provided in subsection (b) of this section, a holder required to file a report under G.S. 116B-60 shall maintain the records containing the information required to be included in the report for five years after the holder files the report, unless a shorter period is provided by […]
116B-74. Discretionary precompliance review. A holder may request the Treasurer to conduct a precompliance review of the holder’s compliance program to educate the holder’s employees on the unclaimed property laws and filing procedures and to recommend ways to facilitate the holder’s compliance with the law. Subject to the availability of staff, the Treasurer may conduct […]
116B-75. Enforcement. (a) The Treasurer may maintain an action in this or another state to enforce this Chapter. (b) The Treasurer may order a person required to report, pay, or deliver property under this Chapter, or an officer or employee of the person, or a person having possession, custody, care, or control of records relevant […]
116B-76. Interstate agreements and cooperation; joint and reciprocal actions with other states. (a) The Treasurer may enter into an agreement with another state to exchange information relating to abandoned property or its possible existence. The agreement may permit the other state, or another person acting on behalf of a state, to examine records as authorized […]
116B-77. Interest and penalties; waiver. (a) A holder who fails to report, pay, or deliver property within the time prescribed by this Chapter shall pay to the Treasurer interest at the rate established pursuant to this subsection on the property or value of the property from the date the property should have been reported, paid, […]
116B-78. Agreement to locate property between property finders and owners or apparent owners. (a) Repealed by Session Laws 2009-312, s. 2, effective October 1, 2009, and applicable to agreements entered into on or after that date. (a1) Agreements Covered. – An agreement by an owner is covered by this section if its primary purpose is […]
116B-78.1. Property finder regulation and enforcement. (a) A property finder shall be licensed as a private investigator by the North Carolina Private Protective Services Board pursuant to Chapter 74C of the General Statutes. (b) A property finder shall not initiate a claim with the Treasurer at any time prior to being registered as a property […]
116B-79. Transitional provisions. (a) An initial report filed under this Article for property that was not required to be reported before the effective date of this Article but which is subject to this Article must include all items of property that would have been presumed abandoned during the 10-year period next preceding the effective date […]
116B-80. Rules. The Treasurer may adopt rules necessary to carry out this Chapter. (1979, 2nd Sess., c. 1311, s. 1; 1987, c. 827, s. 19; 1989, c. 114, s. 5; 1999-460, s. 6.)
