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Holders (North Carolina Unclaimed Property)
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North Carolina Unclaimed Property Holder Information
North Carolina Unclaimed Property Manual: A Guide to the Unclaimed Property Program of North Carolina.
This Manual is designed to explain the applications of the Escheat and Unclaimed Property Law of North Carolina, General Statute 116B, which became effective January 1, 1981. The General Statutes are presented as amended by the North Carolina General Assembly. These amendments now provide North Carolina with a law that brings it into greater uniformity with most other States. As a result, it is hoped that the burden of the reporting requirements on the holder community will be eased.
In order to provide a more concentrated understanding of escheatable property to selected holders, the law was developed in many instances to address the specific concerns of these holders. Therefore, sections of the General Statute should not be individually taken as the sole authority for the obligations imposed by the Escheat and Unclaimed Property law. To ensure compliance with G.S. 116B, the law should be examined in its entirety.
As a result of increased public awareness, the number of inquiries received by the Unclaimed Property Program concerning the law has grown considerably. It is hoped that this manual will provide a resource for better understanding the law and the purpose of the Escheat Fund.
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Added: Tue Aug 01 2006
