AN ACT TO AMEND STATUTES RELATING TO THE STATE TREASURER'S UNCLAIMED PROPERTY DIVISION AND TO EXTEND DMV EMERGENCY RULE AUTHORITY.
Amends GS 116B-65 to allow the State Treasurer (Treasurer) to sell abandoned property five years (was, three years) after receiving it.
Repeals Section 2.6(b) of SL 2020-80, which effective March 15, 2021, would have amended GS 116B-67 to allow any person claiming property paid or delivered to the Treasurer to file a claim, instead of limiting claims to those exceeding $250. Now, amends GS 116B-67, to instead to allow a person to file a claim for property paid or delivered to the Treasurer if the amount claimed exceeds $500.
Effective March 31, 2021.
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