Bill Summary for H 692 (2011-2012)
May 5 2011
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TO MODIFY THE STATUTES GOVERNING UNCLAIMED PROPERTY IN ORDER TO INCREASE CLAIMS PAID TO RIGHTFUL OWNERS AND REDUCE REPORTING BURDENS ON BUSINESS HOLDERS OF UNCLAIMED PROPERTY.Intro. by Hurley, Randleman.
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House committee substitute makes the following changes to 1st edition. Amends GS 116B-65(a) to direct the State Treasurer to give notice of a sale, at minimum, by publishing notice at least two times a year in a major newspaper in the state’s major media markets (previously, required notice to be published annually in two newspapers with general circulation in the state). Makes other technical changes.