§ 116B-73. Retention of records. - North Carolina Statutes

§ 116B‑73. Retention of records.

(a)        Except as otherwise provided in subsection (b) of thissection, a holder required to file a report under G.S. 116B‑60 shallmaintain the records containing the information required to be included in thereport for 10 years after the holder files the report, unless a shorter periodis provided by rule of the Treasurer.

(b)        A business association that sells, issues, or provides toothers for sale or issue in this State, traveler's checks, money orders, orsimilar instruments other than third‑party bank checks, on which thebusiness association is directly liable, shall maintain a record of theinstruments while they remain outstanding, indicating the state and date ofissue, for three years after the holder files the report. (1999‑460, s. 6.)