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NC S728
Bill
AI Summary
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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"
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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
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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
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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