Bill Summary for H 156 (2021-2022)

Summary date: 

Feb 24 2021

Bill Information:

View NCGA Bill Details2021
House Bill 156 (Public) Filed Wednesday, February 24, 2021
AN ACT TO AMEND STATUTES RELATING TO THE STATE TREASURER'S UNCLAIMED PROPERTY DIVISION AND TO EXTEND DMV EMERGENCY RULE AUTHORITY.
Intro. by Hurley.

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Bill summary

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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