20 N.C. Admin. Code 8.0203

Current through Register Vol. 39, No. 11, December 2, 2024

Section 08 .0203 - ESCHEAT REPORT

Each holder shall report intangible personal property to the Escheat Fund on Form ASD-21 together with Form ASD-159 which together shall include as a minimum:

(1) Holder's legal name and address;

(2) Holder's federal tax identification number;

(3) A contact person and his or her telephone number;

(4) The date on which the property became payable, demandable or returnable;

(5) Separately for each person with property in each property class in excess of the amount specified in G.S. 116B-60(b)(3):

(a) The name(s) of the owner(s);

(b) The last known address(es) of the owner(s);

(c) The social security or tax identification number(s) of the owner(s), if known;

(d) A description of the property, including the property classification code set out in Rule 20 NCAC 08 .0204;

(e) Serial number(s) or other identification number(s) of the property, if any;

(f) The money amount, if any, being transferred;

(6) Aggregate by property classification code pursuant to 20 NCAC 08 .0204;

(7) Verification pursuant to G.S. 116B-60(f); and

(8) Verification that the Holder has complied with the requirements of G.S. 116B-69(b).

This Rule does not apply to property claimed by the Escheat Fund pursuant to an audit which shall be reported as provided in 20 NCAC 04. 0206.

20 N.C. Admin. Code 08 .0203

Authority G.S. 116B-60; 116B-80;
Eff. February 1, 1982;
Amended Eff. April 1, 2001; November 1, 1988;
Pursuant to G.S. 150B-21.3A, rule is necessary without substantive public interest Eff. December 6, 2016.

Authority G.S. 116B-60; 116B-80;
Eff. February 1, 1982;
Amended Eff. April 1, 2001, November 1, 1988.