§ 116B-59. Notice by holders to apparent owners. - North Carolina Statutes

§ 116B‑59.  Noticeby holders to apparent owners.

(a)        A holder of property presumed abandoned shall make a goodfaith effort to locate an apparent owner.

(b)        The holder shall send written notice, by first‑classmail, to the apparent owner, not more than 120 days or less than 60 days beforefiling the report required by G.S. 116B‑60, to the last known address ofthe apparent owner as reflected in the holder's records, if the value of theproperty is fifty dollars ($50.00) or more.

(c)        The notice must contain:

(1)        A statement that, according to the records of the holder,property is being held to which the addressee appears entitled and the amountor description of the property;

(2)        The name and address of the person holding the property andany necessary information regarding changes of name and address of the holder;

(3)        A statement that, if satisfactory proof of claim is notpresented by the owner to the holder by the following October 1 or, if theholder is an insurance company, by the following April 1, the property will beplaced in the custody of the Treasurer, to whom all further claims shall bedirected. (1979, 2nd Sess.,c. 1311, s. 1; 1981, c. 531, ss. 4‑6; 1993, c. 539, s. 898; c. 541, s. 5;1994, Ex. Sess., c. 24, s. 14(c); 1999‑460, s. 6.)