§ 116B-70. Destruction or disposition of property having no substantial commercial value; immunity from liability; property of historical significance. - North Carolina Statutes

§ 116B‑70. Destruction or disposition of property having no substantial commercial value;immunity from liability; property of historical significance.

(a)        If the Treasurer determines after investigation thatproperty delivered under this Chapter has no substantial commercial value, theTreasurer may destroy or otherwise dispose of the property at any time. Anaction or proceeding may not be maintained against the State or any officer,employee, or agent of the State, both past and present, in the person'sindividual and official capacity, or against the holder for or on account of anact of the Treasurer under this subsection, except for intentional misconduct.

(b)        Notwithstanding the provisions of G.S. 116B‑65, theTreasurer may retain any tangible property delivered to the Treasurer, if theproperty has recognized historic significance. The historic significance shallbe certified by the Treasurer, with the advice of the Secretary of CulturalResources; and a statement of the appraised value of the property shall befiled with the certification. Historic property retained under this subsectionmay be stored and displayed at any suitable location. (1979, 2nd Sess., c. 1311, s. 1; 1999‑460, s.6.)