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NC H181

Bill

Status

Passed

7/10/2023

Primary Sponsor

Jonathan Hardister

Click for details

Origin

House of Representatives

2023-2024 Session

AI Summary

  • Modifies the definition of "property" in unclaimed property statutes to clarify that currency held in safe deposit boxes and intangible property interests are included.

  • Increases notice thresholds for holders of abandoned property: securities valued at $25 or more and other property valued at $50 or more require written notice 60-120 days before reporting.

  • Changes sale notice requirements for the Treasurer from publishing notices at least twice yearly in major newspapers to publishing on the Treasurer's website.

  • Waives all court fees for collections of personal property by affidavit when the sole assets total $5,000 or less and come entirely from the Escheat Fund, effective January 1, 2024.

  • Allows property values in unclaimed property lists to remain confidential unless the Treasurer determines public disclosure is in the public interest.

Legislative Description

Unclaimed Property Division Changes.-AB

Council Of State; Currency & Coins; Escheats; Information Technology; Internet; Management; Notification; Presented; Property; P

Last Action

Ch. SL 2023-88

7/10/2023

Committee Referrals

Rules and Operations of the Senate5/24/2023
Pensions & Retirement & Aging5/18/2023
Rules and Operations of the Senate5/4/2023
Rules, Calendar, and Operations of the House4/10/2023
State Government4/4/2023
Pensions and Retirement2/27/2023

Full Bill Text

No bill text available