116B-57. Dormancy charge; other lawful charges.
(a) A holder may deduct from property presumed abandoned a reasonable charge imposed by reason of the owner's failure to claim the property within a specified time only if there is a valid and enforceable written contract between the holder and the owner under which the holder may impose the charge and the holder regularly imposes the charge, which is not regularly reversed or otherwise canceled.
(b) This Chapter does not prevent a holder from deducting from property presumed abandoned other lawful charges specifically authorized by statute or by a valid and enforceable contract. (1999-460, s. 6.)
Structure North Carolina General Statutes
North Carolina General Statutes
Chapter 116B - Escheats and Abandoned Property
Article 4 - North Carolina Unclaimed Property Act.
§ 116B-53 - Presumptions of abandonment.
§ 116B-54.1 - Unclaimed United States savings bonds.
§ 116B-55 - Contents of safe deposit box or other safekeeping depository.
§ 116B-56 - Rules for taking custody.
§ 116B-57 - Dormancy charge; other lawful charges.
§ 116B-58 - Burden of proof as to property evidenced by record of check or draft.
§ 116B-59 - Notice by holders to apparent owners.
§ 116B-60 - Report of abandoned property; certification by holders with tax return.
§ 116B-61 - Payment or delivery of abandoned property.
§ 116B-62 - Preparation of list of owners by Treasurer.
§ 116B-63 - Custody by State; recovery by holder; defense of holder.
§ 116B-64 - Loss, income, or gain accruing after payment or delivery.
§ 116B-65 - Public sale of abandoned property.
§ 116B-66 - Claim of another state to recover property.
§ 116B-67 - Claim for property paid or delivered to the Treasurer.
§ 116B-68 - Action to establish claim.
§ 116B-69 - Election to take payment or delivery.
§ 116B-71 - Periods of limitation.
§ 116B-72 - Requests for reports and examination of records.
§ 116B-73 - Retention of records.
§ 116B-74 - Discretionary precompliance review.
§ 116B-76 - Interstate agreements and cooperation; joint and reciprocal actions with other states.
§ 116B-77 - Interest and penalties; waiver.
§ 116B-78 - Agreement to locate property between property finders and owners or apparent owners.
§ 116B-78.1 - Property finder regulation and enforcement.