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NC S728

Bill

Status

Introduced

4/19/2011

Primary Sponsor

Ralph Hise

Click for details

Origin

Senate

2011-2012 Session

AI Summary

  • Limits regulation of property finder agreements to only those involving property that is presumed abandoned, removing references to property that is "distributable to the owner"

  • Voids and makes unenforceable any property finder agreement entered into from the date property is presumed abandoned through 24 months after the property is paid or delivered to the State Treasurer

  • Preserves an exception allowing owners to enter into agreements with attorneys to file claims, pursue special proceedings for identified property, or contest denial of claims or petitions

  • Becomes effective October 1, 2011

Legislative Description

Modify Abandoned Property Provisions

Last Action

Ref To Com On Commerce

4/20/2011

Committee Referrals

Commerce4/20/2011

Full Bill Text

No bill text available