CHAPTER 08 – ESCHEATS AND ABANDONED PROPERTY

 

SECTION .0100 – GENERAL AND ADMINISTRATION

 

20 ncac 08 .0101             ORGANIZATION AND FUNCTIONS

(a)  The Escheat Fund is operated by the Escheat and Unclaimed Property Section of the Department of State Treasurer. This section is charged with the collection of escheats and abandoned property from all holders, the administration of the fund and the processing of claims for escheated property.

(b)  The following is general information about the Escheat Fund:

(1)           The chief officer is the Escheat Administrator;

(2)           The mailing address is Department of State Treasurer, 3200 Atlantic Avenue, Raleigh, North Carolina 27604; and

(3)           The office is located at 3200 Atlantic Avenue, Raleigh, North Carolina.

(c)  Examination of records may be made from 9:00 a.m. to 11:30 a.m. and 1:00 p.m. to 4:00 p.m., Monday through Friday.

 

History Note:        Authority G.S. 116B‑80;

Eff. February 1, 1982;

Amended Eff. April 1, 2001; November 1, 1988;

Pursuant to G.S. 150B-21.3A, rule is necessary without substantive public interest Eff. December 6, 2016;

Amended Eff. September 1, 2019.

 

20 ncac 08 .0102             DEFINITIONS

(a)  The words defined in G.S. 116B‑52 shall have the same meaning when used in this Chapter.

(b)  The following words and phrases defined in this Rule shall have the meanings indicated when used in this Chapter, unless the context clearly requires another meaning: 

(1)           "Escheats" includes all property, real and personal, tangible and intangible which is subject to G.S. 116B.

(2)           "Interest-bearing property" means property that accrues interest to the owner at a predetermined rate from the onset of the contract as explicitly provided in the contract.

(3)           "Dividend-paying property" means shares of ownership issued by a corporation or an investment company registered under the Investment Company Act of 1941 or a master limited partnership which is treated as stock by a security market in which it is bought and sold.

(4)           "Checking account" means a non-interest-bearing account with a financial institution.

(5)           "Savings account" means an interest-bearing account with a financial institution.

(6)           "Date of claim" means the date on which a completed, signed, and notarized claim with all required documentation attached is received by the Department from the party claiming ownership.

 

History Note:        Authority G.S. 116B‑80;

Eff. February 1, 1982;

Amended Eff. November 1, 1988;

Temporary Amendment Eff. February 22, 2000;

Amended Eff. April 1, 2001;

Pursuant to G.S. 150B-21.3A, rule is necessary without substantive public interest Eff. December 6, 2016.

 

20 ncac 08 .0103             RULE‑MAKING PROCEDURES

All correspondence shall be addressed to the Escheat Administrator at the mailing address of the fund.

 

History Note:        Authority G.S. 116B‑80;

Eff. February 1, 1982;

Amended Eff. April 1, 2001; July 1, 1987;

Pursuant to G.S. 150B-21.3A, rule is necessary without substantive public interest Eff. December 6, 2016.

 

20 ncac 08 .0104             DECLARATORY RULES

(a)  20 NCAC 01F .0200 shall govern the issuance of declaratory rules by the State Treasurer.

(b)  All correspondence shall be addressed to the Escheat Administrator at the mailing address of the fund.

 

History Note:        Authority G.S. 116B‑80;

Eff. February 1, 1982;

Amended Eff. April 1, 2001;

Pursuant to G.S. 150B-21.3A, rule is necessary without substantive public interest Eff. December 6, 2016.

 

20 ncac 08 .0105             CONTESTED CASE PROCEDURES

(a)  20 NCAC 01F .0300 shall govern the hearings and decisions in contested cases.

(b)  All correspondence shall be directed to the Escheat Administrator at the mailing address of the fund.

 

History Note:        Authority G.S. 116B‑80;

Eff. February 1, 1982;

Amended Eff. April 1, 2001; July 1, 1987;

Pursuant to G.S. 150B-21.3A, rule is necessary without substantive public interest Eff. December 6, 2016.

 

20 NCAC 08 .0106             SUBDIVISION OF THE FUND: FISCAL YEAR

20 NCAC 08 .0107             DISTRIBUTIONS AND TRANSFERS

 

History Note:        Authority G.S. 116B‑36; 116B‑37; 116B‑42;

Eff. February 1, 1982;

Repealed Eff. November 1, 1988.

 

20 ncac 08 .0108             FEES TO BE COLLECTED

 

History Note:        Authority G.S. 12‑3.1; 116B‑80;

Eff. February 1, 1982;

Amended Eff. April 1, 2001; November 1, 1988;

Expired Eff. January 1, 2017 pursuant to G.S. 150B-21.3A.

 

20 ncac 08 .0109             ANNUAL FILING WITH CLERKS OF SUPERIOR COURT

On or before June 30 of each year, the State Treasurer shall deliver to each clerk of Superior Court a listing of the property escheated for each owner whose address of record is within the county for which the clerk serves; and which were reported during the calendar year next preceding the filing of the list.

 

History Note:        Authority G.S. 116B‑62; 116B‑80;

Eff. February 1, 1982;

Amended Eff. April 1, 2001;

Pursuant to G.S. 150B-21.3A, rule is necessary without substantive public interest Eff. December 6, 2016.

 

20 ncac 08 .0110             EARLY ESCHEATMENT

(a)  If remitted to the State Treasurer, property subject to the provisions of G.S. 116B but which has not been presumed abandoned under said statute shall be returned to the holder unless the holder has received in writing permission from the State Treasurer to remit the property prior to the date of presumed abandonment.

(b)  To request permission to remit property to the State Treasurer before its presumed abandonment date, the holder must send a letter to the Escheat Officer requesting permission to remit the property prior to the date of presumed abandonment.  The letter must clearly identify the nature and extent of the property to be remitted and the reasons for requesting permission to remit the property before its required payment date.

(c)  The State Treasurer shall not grant permission unless its is clearly demonstrated that the early transfer of the property is for the benefit of the owner or of the State.

 

History Note:        Authority G.S. 116B-80; 116B-69(b);

Temporary Adoption Eff. February 22, 2000;

Eff. April 1, 2001;

Pursuant to G.S. 150B-21.3A, rule is necessary without substantive public interest Eff. December 6, 2016.

 

20 ncac 08 .0111             REGISTRATION UNDER G.S. 116B-78(f)

(a)  Registration under G.S. 116B-78(f) shall be for a period of a calendar year.  Unless the request states that the request is for a specified calendar year, the registration will be presumed to be for the current calendar year. 

(b)  All requests to register must be submitted on the form supplied by the Department for that purpose. 

(c)  Forms not accompanied by the required one hundred dollar ($100.00) fee will not be processed.

 

History Note:        Authority G.S. 116B-80; 116B-78(f);

Temporary Adoption Eff. February 22, 2000;

Eff. April 1, 2001;

Pursuant to G.S. 150B-21.3A, rule is necessary without substantive public interest Eff. December 6, 2016.

 

20 ncac 08 .0112             INTEREST RATE DETERMINATION

The interest rate charged under G.S. 116B-77(a) shall be at the rate established by the Secretary of Revenue pursuant to G.S. 105-241.1(i).

 

History Note:        Authority G.S. 116B-80; 116B-77(a);

Temporary Adoption Eff. February 22, 2000;

Eff. April 1, 2001;

Pursuant to G.S. 150B-21.3A, rule is necessary without substantive public interest Eff. December 6, 2016.

 

SECTION .0200 ‑ INTANGIBLE PERSONAL PROPERTY

 

 

20 NCAC 08 .0201             REPORTING OF ESCHEATS BY INSURERS

 

History Note:        Authority G.S. 116B‑29; 116B‑42;

Eff. February 1, 1982;

Repealed Eff. November 1, 1988.

 

20 NCAC 08 .0202             REPORTING OF ESCHEATS

All persons shall report to the fund directly at the address in 20 NCAC 8.0101 as prescribed by law and by this Chapter.  All payments shall be made to the "Department of State Treasurer ‑ Escheat Fund."

 

History Note:        Authority G.S. 116B‑60; 116B‑80;

Eff. February 1, 1982;

Amended Eff. November 1, 1988;

Pursuant to G.S. 150B-21.3A, rule is necessary without substantive public interest Eff. December 6, 2016.

 

20 ncac 08 .0203             ESCHEAT REPORT

Each holder shall report intangible personal property to the Escheat Fund on Form ASD‑21 together with Form ASD‑159 which together shall include as a minimum:

(1)           Holder's legal name and address;

(2)           Holder's federal tax identification number;

(3)           A contact person and his or her telephone number;

(4)           The date on which the property became payable, demandable or returnable;

(5)           Separately for each person with property in each property class in excess of the amount specified in G.S. 116B-60(b)(3):

(a)           The name(s) of the owner(s);

(b)           The last known address(es) of the owner(s);

(c)           The social security or tax identification number(s) of the owner(s), if known;

(d)           A description of the property, including the property classification code set out in Rule 20 NCAC 08 .0204;

(e)           Serial number(s) or other identification number(s) of the property, if any;

(f)            The money amount, if any, being transferred;

(6)           Aggregate by property classification code pursuant to 20 NCAC 08 .0204;

(7)           Verification pursuant to G.S. 116B-60(f); and 

(8)           Verification that the Holder has complied with the requirements of G.S. 116B-69(b).

This Rule does not apply to property claimed by the Escheat Fund pursuant to an audit which shall be reported as provided in 20 NCAC 04. 0206.

 

History Note:        Authority G.S. 116B-60; 116B‑80;

Eff. February 1, 1982;

Amended Eff. April 1, 2001; November 1, 1988;

Pursuant to G.S. 150B-21.3A, rule is necessary without substantive public interest Eff. December 6, 2016.

 

20 ncac 08 .0204             PROPERTY CLASSIFICATION CODE

The following property classification codes shall be used:

 

                                Code      Description

 

(1)           AC01     Checking Accounts;

(2)           AC02     Savings Accounts;

(3)           AC03     Matured CD or Sav Cert;

(4)           AC04     Christmas Club Fund;

(5)           AC05     Money on Dep to Secure Fund;

(6)           AC06     Security Deposits;

(7)           AC07     Unidentified Deposits;

(8)           AC08     Suspense Accounts;

(9)           AC09     Individual Retirement Accounts;

(10)         AC99     Aggregate Account Balances under fifty dollars ($50.00);

(11)         CK01     Cashier's Checks;

(12)         CK02     Certified Checks;

(13)         CK03     Registered Checks;

(14)         CK04     Treasurer's Checks;

(15)         CK05     Drafts;

(16)         CK06     Warrants;

(17)         CK07     Money Orders;

(18)         CK08     Traveler's Checks;

(19)         CK09     Foreign Exchange Checks;

(20)         CK10     Expense Checks;

(21)         CK11     Pension Checks;

(22)         CK12     Credit Checks or Memos;

(23)         CK13     Vendor Checks;

(24)         CK14     Checks Written Off to Income;

(25)         CK15     Other Outstanding Official Checks;

(26)         CK16     CD Interest Checks;

(27)         CK99     Aggregate Uncashed Checks under fifty dollars ($50.00);

(28)         MI01      Net Revenue Interest;

(29)         MI02      Royalties;

(30)         MI03      Overriding Royalties;

(31)         MI04      Production Payments;

(32)         MI05      Working Interest;

(33)         MI06      Bonuses;

(34)         MI07      Delay Rentals;

(35)         MI08      Shut-In Royalties;

(36)         MI09      Minimum Royalties;

(37)         MI99      Aggregate Mineral Interests under fifty dollars ($50.00);

(38)         MS01     Wages, Payroll, Salary;

(39)         MS02     Commissions;

(40)         MS03     Workers' Compensation Benefits;

(41)         MS04     Payment for Goods & Services;

(42)         MS05     Customer Overpayments;

(43)         MS06     Unidentified Remittances;

(44)         MS07     Unrefunded Overcharges;

(45)         MS08     Accounts Payable;

(46)         MS09     Credit Balances

(47)         MS10     Discounts Due;

(48)         MS11     Refunds Due;

(49)         MS12     Unredeemed Gift Certificates;

(50)         MS13     Unclaimed Loan Collateral;

(51)         MS14     Pension & Profit Sharing Plans (IRA, KEOGH);

(52)         MS15     Dissolution or Liquidation;

(53)         MS16     Misc Outstanding Checks;

(54)         MS17     Misc Intangible Prop;

(55)         MS18     Suspense Liabilities;

(56)         MS19     Layaway Deposits & Payments;

(57)         MS20     Rents;

(58)         MS99     Aggregate Misc Checks & Intangible Personal Property Under fifty dollars ($50.00);

(59)         SD01      Safe Deposit Box Contents;

(60)         SD02      Other Safekeeping;

(61)         SD03      Other Tangible Property;

(62)         CT01      Escrow Funds;

(63)         CT02      Condemnation Awards;

(64)         CT03      Missing Heirs' Fund;

(65)         CT04      Suspense Accounts;

(66)         CT05      Other Court Deposits;

(67)         CT06      Real Property Proceeds;

(68)         CT07      Cash Bonds;

(69)         CT08      Partial Payments;

(70)         CT09      Judgments;

(71)         CT10      Trust Funds;

(72)         CT99      Aggregate Court Deposits Under fifty dollars ($50.00);

(73)         IN01       Individual Policy Benefits or Claim Payments;

(74)         IN02       Group Policy Benefits or Claim Payments;

(75)         IN03       Proceeds Due Beneficiaries;

(76)         IN04       Proceeds From Matured Policies, Endowments or Annuities;

(77)         IN05       Premium Refunds;

(78)         IN06       Unidentified Remittances;

(79)         IN07       Other Amounts Due Under Policy Terms;

(80)         IN08       Agent Credit Balances;

(81)         IN99       Aggregate Insurance Policy Under fifty dollars ($50.00)

(82)         SC01      Dividends;

(83)         SC02      Interest (Bond Coupons);

(84)         SC03      Principal Payments;

(85)         SC04      Equity Payments;

(86)         SC05      Profits;

(87)         SC06      Funds Paid to Purchase Shares;

(88)         SC07      Funds for Stocks and Bonds;

(89)         SC08      Shares of Stock (Returned by Post Office);

(90)         SC09      Cash for Fractional Shares;

(91)         SC10      Unexchanged Stock & Fractional Shares of Successor Corp;

(92)         SC11      Other Cert of Ownership;

(93)         SC12      Underlying Shares or Other Outstanding Certificates;

(94)         SC13      Funds for Liquidation Redemption;

(95)         SC14      Debentures;

(96)         SC15      US Gov't Securities;

(97)         SC16      Mutual Fund Shares;

(98)         SC17      Warrants (Rights);

(99)         SC18      Matured Bond Principal;

(100)      SC19      Dividend Reinvestment Plans;

(101)      SC20      Credit Balances;

(102)      SC99      Aggregate Security Related Cash Under fifty dollars ($50.00);

(103)      TR01      Paying Agent Accounts;

(104)      TR02      Undelivered or Uncashed Dividends;

(105)      TR03      Funds Held In Fiduciary Capacity;

(106)      TR04      Escrow Accounts;

(107)      TR05      Trust Vouchers;

(108)      TR99      Aggregate Trust Property Under fifty dollars ($50.00);

(109)      UT01      Utility Deposits;

(110)      UT02      Membership Fees;

(111)      UT03      Refunds or Rebates;

(114)      UT04      Capital Credit Distributions;

(115)      UT99      Aggregate Utility Property Under fifty dollars ($50.00);

(116)      ZZZZ     Properties Not Identified Above

With regard to transactions between business associations, the following types of property are covered by the statutory exclusion provide in G.S. 116B-54(e), and no reporting to the State of North Carolina on behalf of North Carolina owners would be required; (42) MS05--Customer Overpayments; (44) MS07—Unrefunded Overcharges; (46) MS09—Credit Balances; (47) MS10—Discounts Due; and (48) MS11—Refunds Due.  As for (22) CK—Credit Checks or Memos, to the extent a credit memo reflects an overpayment, underpayment, discount, or refund, it is also excludred from the reporting requirements.

 

History Note:        Authority G.S. 116B‑60; 116B‑80;

Eff. February 1, 1982;

Amended Eff. April 1, 2001; November 1, 1988;

Pursuant to G.S. 150B-21.3A, rule is necessary without substantive public interest Eff. December 6, 2016.

 

20 ncac 08 .0205             LATE FILING OF REPORT

(a)  Payments on account of property reported to the Escheat Fund as abandoned property after the date which the law requires that the sums of money be paid to the State Treasurer shall be assessed interest as provided in G.S. 116B-77(a).  Interest shall be assessed for each day after the due date until the monies are received by the Escheat Fund.  Billings for interest penalties totaling ten dollars ($10.00) or less will not be made because it is uneconomical to do so.

(b)  If a holder wishes to avoid the penalties of G.S. 116B-77(a), he may file a request for an extension pursuant to G.S. 116B-60(e) in writing prior to the time the report is due.  The request must include the holder's name and address, the holder's principal business, a valid reason for the delay, and the statutory fee.  Reasons for delay will only be considered valid if the reasons stem from circumstances which are unforeseen and unforeseeable.  Each extension will not exceed three months, but may be renewed upon reapplication for up to six months.  If an extension is granted, the holder will not be subject to the penalties in G.S. 116B-77(b) during the extension period.

 

History Note:        Authority G.S. 116B‑77; 116B‑80;

Eff. February 1, 1982;

Amended Eff. April 1, 2001; November 1, 1988;

Pursuant to G.S. 150B-21.3A, rule is necessary without substantive public interest Eff. December 6, 2016.

 

20 NCAC 08 .0206             REPORTING PROPERTY FOUND ON AUDIT

(a)  Claims for abandoned property resulting from an audit shall be made on Form ASD‑160.

(b)  The holder shall send the notice required by G.S. 116B-59 unless the Form ASD‑160 shows that notice is not required.

(c)  The holder shall transfer any property to lawful owners that are identified.

(d)  The holder shall complete the form showing property no longer escheatable because of transfer to the lawful owner and property still subject to transfer to the custody of the State Treasurer for the Escheat fund.

(e)  Transfer by payment or delivery of non‑cash property shall be made with the return of Form ASD‑160.  Penalties shall be calculated and remitted at the same time.

(f)  Copies of payment vouchers or other proof that the items are no longer escheatable shall be sent with the return of Form ASD‑160.

 

History Note         Authority G.S. 116B‑72; 116B-80;

Eff. November 1, 1988;

Amended Eff. April 1, 2001;

Pursuant to G.S. 150B-21.3A, rule is necessary without substantive public interest Eff. December 6, 2016.

 

SECTION .0300 ‑ TANGIBLE PERSONAL PROPERTY

 

20 ncac 08 .0301             NOTIFICATION BY HOLDER TO ESCHEAT FUND

(a)  Each holder shall notify the Escheat Fund of the existence of tangible property when it becomes subject to the custody of the State Treasurer and shall maintain the property in a manner which will prevent loss of value until directions for either disposition or transfer to the State Treasurer are received.  The Escheat Fund shall hold the holder liable for any loss resulting from the breach of a fiduciary duty by the holder.

(b)  The notification shall be made on Form ASD‑127 or its equivalent and shall show as a minimum:

(1)           Holder's legal name and address;

(2)           A contact person and his or her telephone number;

(3)           The date of presumed abandonment;

(4)           Separately for each item of tangible property:

(A)          A sequence number;

(B)          The name of the owner(s);

(C)          The last known address(es) of the owner(s);

(D)          The social security or tax identification number(s) of the owner(s), if known;

(E)           A description of the property, including the property classification code set out in 20 NCAC 08 .0204;

(F)           Serial number(s) or other identification number(s), if any;

(G)          The approximate value of the property;

(5)           Verification pursuant to G.S. 116B-60(f); and

(6)           Verification that the holder has complied with the requirements of G.S. 116B-69(b).

 

History Note:        Authority G.S. 116B‑69; 116B-80;

Eff. February 1, 1982;

Amended Eff. April 1, 2001; November 1, 1988;

Pursuant to G.S. 150B-21.3A, rule is necessary without substantive public interest Eff. December 6, 2016.

 

20 ncac 08 .0302             NOTIFICATION BY ESCHEAT FUND TO HOLDER

The Escheat Fund will provide to the holder a letter which will identify the property to be transferred to the custody of the State Treasurer.  The holder may dispose of any property that is not required to be transferred to the custody of the State Treasurer.

 

History Note:        Authority G.S. 116B-69; 116B‑80;

Eff. February 1, 1982;

Amended Eff. April 1, 2001; November 1, 1988;

Pursuant to G.S. 150B-21.3A, rule is necessary without substantive public interest Eff. December 6, 2016.

 

SECTION .0400 – REFUNDS

 

20 ncac 08 .0401             APPLICATION FOR REFUNDS

(a)  The following persons may apply for refunds on behalf of an owner of property transferred to the Escheat Fund:

(1)           the owner or a personal representative of an owner;

(2)           the holder or a successor to the holder; and

(3)           an attorney in fact under a written power of attorney from the owner.

(b)  Claims will be approved only for specified property delivered to the Escheat Fund by named holders in named years.

(c)  Every claimant shall agree to the indemnification provisions of G.S. 116B-67(e) before a claim will be approved.

(d)  Whenever the holder of property rejects, or otherwise refuses to process within 60 days, a claim made by a person claiming ownership, the claimant may appeal, in writing, to the Escheat Administrator.

(e)  Whenever the Escheat Administrator rejects, or otherwise refuses to process a claim within 60 days, a claim by a person claiming ownership, the claimant may appeal, in writing, to the State Treasurer.

 

History Note:        Authority G.S. 116B‑67; 116B‑80;

Eff. February 1, 1982;

Amended Eff. April 1, 2001; November 1, 1988;

Pursuant to G.S. 150B-21.3A, rule is necessary without substantive public interest Eff. December 6, 2016.

 

20 ncac 08 .0402             REQUIRED DOCUMENTATION OF APPLICATION FOR REFUND

(a)  All applications for refunds shall be made on Form ASD‑111, and shall identify:

(1)           the property claimed;

(2)           the owner as shown on the Escheat records;

(3)           the holder when transferred to the Escheat Fund; and

(4)           the current owner, which may be either (2) or (3).

(b)  Personal representatives, and other fiduciaries, custodians, and attorneys in fact shall submit a certified true copy of their appointment and authority.

(c)  Claims must include evidence that the person on behalf of whom the claim is made is the true and actual owner of the property claimed.  There is a rebuttable presumption that property of a business association is not lost in the ordinary course of business.

(d)  Any person who received or will receive a fee for the identification of the owner, the location of the missing property or the preparation of a claim form shall sign the form as indicated therein, and shall insert his or her license number, if licensed by the Private Protective Services Board.

 

History Note:        Authority G.S. 116B-67; 116B-78; 116B‑80;

Eff. February 1, 1982;

Amended Eff. April 1, 2001; November 1, 1988;

Pursuant to G.S. 150B-21.3A, rule is necessary without substantive public interest Eff. December 6, 2016.

 

20 ncac 08 .0403             PAYMENT OF REFUNDS

(a)  When the holder has certified in Form ASD‑111, that he has already made payment to the owner, the refund will be made by warrant on the State Treasurer to the order of the holder.

(b)  All other refunds will be made by warrant on the State Treasurer to the order of the owner.

 

History Note:        Authority G.S. 116B‑67; 116B‑80;

Eff. February 1, 1982;

Amended Eff. April 1, 2001; November 1, 1988;

Pursuant to G.S. 150B-21.3A, rule is necessary without substantive public interest Eff. December 6, 2016.

 

SECTION .0500 – RECORDS

 

20 ncac 08 .0501             PUBLIC ACCESS TO RECORDS

(a)  Owner records that are capable of clear identification are listed at the following websites:

(1)           http://www.treasurer.state.nc.us; and

(2)           http://www.missingmoney.com

(b)  Because the statute excludes access to certain records at certain periods of time, any person desiring to be given access to the records must register and:

(1)           Provide his or her name and address;

(2)           Provide the names and address of all persons for whom a search is being requested;

(3)           Agree not to remove, deface or destroy any records;

(4)           Observe hours outlined by the State Treasurer, and act without disturbing the statutory duty of the State Treasurer to administer and protect the Escheat Fund and its records;

(5)           State whether he or she is in a business for which the file search is being requested; and

(6)           Proof of his identity may be requested.

(c)  If the registrant is requesting access to the records for the benefit of a business other than the owner, the registrant must agree to the following in writing that:

(1)           He or she has read G.S. 116B-78 and is fully aware of its meaning;

(2)           He or she is aware that the Private Protective Services Board has ruled that G.S. 74C‑3(a)(8)b is applicable to persons searching for owners of escheated property and a license is required by said board; and

(3)           He or she is or, is not, licensed by said board; and if licensed, he or she must furnish his or her license number.

(d)  All searches will be conducted by a member of the staff of the section.  Registrants shall be permitted to access all records permitted by the statutes at the time requested.

(e)  No person other than the staff of the Escheat Office shall enter the records area.  The registrant may be required to request records by name and he or she shall be allowed to view them only in a place designated by personnel of the Escheat Office.

(f)  The person in charge of the records may restrict the use of brief cases, files, etc., in the area in which the registrants view the escheat records.

 

History Note:        Authority G.S. 116B‑62(f); 116B‑80; 116B‑43;

Eff. February 1, 1982;

Amended Eff. April 1, 2001; November 1, 1988;

Pursuant to G.S. 150B-21.3A, rule is necessary without substantive public interest Eff. December 6, 2016.

 

20 ncac 08 .0502             REQUESTS FOR INFORMATION FROM RECORDS

Searches of the database of owner property will be made for potential owners to the extent that information is provided.  Successful searches normally require that the following information, in order of importance, is available:

(1)           Name and address of the owner;

(2)           Name and address of the holder;

(3)           Date property became escheatable; and

(4)           Description of escheated property, including value or amount.

 

History Note:        Authority G.S. 116B‑62(f); 116B‑80;

Eff. February 1, 1982;

Amended Eff. April 1, 2001;

Pursuant to G.S. 150B-21.3A, rule is necessary without substantive public interest Eff. December 6, 2016.

 

20 ncac 08 .0503             REQUESTS FOR LISTINGS OF OWNERS AND/OR PROPERTY

 

History Note:        Authority G.S. 116B-62(f); 116B-80;

Eff. April 1, 2001;

Expired Eff. January 1, 2017 pursuant to G.S. 150B-21.3A.