North Carolina General Statutes Chapter 116B. Escheats and Abandoned Property § 116B-59. Notice by holders to apparent owners

(a) Repealed by S.L. 2017-134, § 2(a), eff. Oct. 1, 2017.

(a1) A holder of property that is presumed abandoned and that is either (i) a security or other equity interest in a business association, including a security entitlement under Article 8 of Chapter 25 of the General Statutes, that is valued at twenty-five dollars ($25.00) or more or (ii) property, other than a security or other equity interest in a business association, including a security entitlement under Article 8 of Chapter 25 of the General Statutes, that is valued at fifty dollars ($50.00) or more shall send written notice by first-class mail to the apparent owner not more than 120 days or less than 60 days before filing the report required by this Article.  The holder shall exercise reasonable care to ascertain that it is sending the written notice to the apparent owner's correct address.  A holder may authorize a third party to perform the duties required by this subsection.  Notwithstanding any third-party authorization, the holder bears responsibility for a failure to comply with this section.

(b) Repealed by S.L. 2017-134, § 2(a), eff. Oct. 1, 2017.

(c) The written notice to apparent owners required under this section must contain all of the following:

(d) With the written consent of the Treasurer, this section may be waived, in whole or in part, for good cause shown and upon conditions and terms that are prescribed by the Treasurer.