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NC H181
Bill
Status
7/10/2023
Primary Sponsor
Jonathan Hardister
Click for details
AI Summary
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Modifies the definition of "property" in unclaimed property statutes to clarify that currency held in safe deposit boxes and intangible property interests are included.
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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.
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Changes sale notice requirements for the Treasurer from publishing notices at least twice yearly in major newspapers to publishing on the Treasurer's website.
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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.
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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