Amends GS 116B-78 to clarify that property finder agreements covered by the statute are those whose primary purpose is to locate, deliver, or recover property presumed abandoned. Also clarifies that agreements are void and unenforceable if entered into during the period starting on the date the property was presumed abandoned and extending as specified. Effective October 1, 2011.
MODIFY ABANDONED PROPERTY PROVISIONS.
Printer-friendly: Click to view
| View NCGA Bill Details | 2011-2012 Session |
TO LIMIT THE SCOPE OF THE REGULATION OF PROPERTY FINDER AGREEMENTS TO ONLY THOSE AGREEMENTS THAT INVOLVE PROPERTY THAT IS PRESUMED ABANDONED.Intro. by Hise.
Status: Ref To Com On Commerce (Senate Action) (Apr 20 2011)
Bill History:
-
Tue, 19 Apr 2011 Senate: Filed
-
Wed, 20 Apr 2011 Senate: Passed 1st Reading
-
Wed, 20 Apr 2011 Senate: Ref To Com On Commerce
S 728
Bill Summaries:
-
Bill S 728 (2011-2012)Summary date: Apr 20 2011 - View Summary
View: All Summaries for Bill