20 N.C. Admin. Code 8.0204

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

Section 08 .0204 - PROPERTY CLASSIFICATION CODE

The following property classification codes shall be used:

Code Description

(1) AC01 Checking Accounts;

(2) AC02 Savings Accounts;

(3) AC03 Matured CD or Sav Cert;

(4) AC04 Christmas Club Fund;

(5) AC05 Money on Dep to Secure Fund;

(6) AC06 Security Deposits;

(7) AC07 Unidentified Deposits;

(8) AC08 Suspense Accounts;

(9) AC09 Individual Retirement Accounts;

(10) AC99 Aggregate Account Balances under fifty dollars ($50.00);

(11) CK01 Cashier's Checks;

(12) CK02 Certified Checks;

(13) CK03 Registered Checks;

(14) CK04 Treasurer's Checks;

(15) CK05 Drafts;

(16) CK06 Warrants;

(17) CK07 Money Orders;

(18) CK08 Traveler's Checks;

(19) CK09 Foreign Exchange Checks;

(20) CK10 Expense Checks;

(21) CK11 Pension Checks;

(22) CK12 Credit Checks or Memos;

(23) CK13 Vendor Checks;

(24) CK14 Checks Written Off to Income;

(25) CK15 Other Outstanding Official Checks;

(26) CK16 CD Interest Checks;

(27) CK99 Aggregate Uncashed Checks under fifty dollars ($50.00);

(28) MI01 Net Revenue Interest;

(29) MI02 Royalties;

(30) MI03 Overriding Royalties;

(31) MI04 Production Payments;

(32) MI05 Working Interest;

(33) MI06 Bonuses;

(34) MI07 Delay Rentals;

(35) MI08 Shut-In Royalties;

(36) MI09 Minimum Royalties;

(37) MI99 Aggregate Mineral Interests under fifty dollars ($50.00);

(38) MS01 Wages, Payroll, Salary;

(39) MS02 Commissions;

(40) MS03 Workers' Compensation Benefits;

(41) MS04 Payment for Goods & Services;

(42) MS05 Customer Overpayments;

(43) MS06 Unidentified Remittances;

(44) MS07 Unrefunded Overcharges;

(45) MS08 Accounts Payable;

(46) MS09 Credit Balances

(47) MS10 Discounts Due;

(48) MS11 Refunds Due;

(49) MS12 Unredeemed Gift Certificates;

(50) MS13 Unclaimed Loan Collateral;

(51) MS14 Pension & Profit Sharing Plans (IRA, KEOGH);

(52) MS15 Dissolution or Liquidation;

(53) MS16 Misc Outstanding Checks;

(54) MS17 Misc Intangible Prop;

(55) MS18 Suspense Liabilities;

(56) MS19 Layaway Deposits & Payments;

(57) MS20 Rents;

(58) MS99 Aggregate Misc Checks & Intangible Personal Property Under fifty dollars ($50.00);

(59) SD01 Safe Deposit Box Contents;

(60) SD02 Other Safekeeping;

(61) SD03 Other Tangible Property;

(62) CT01 Escrow Funds;

(63) CT02 Condemnation Awards;

(64) CT03 Missing Heirs' Fund;

(65) CT04 Suspense Accounts;

(66) CT05 Other Court Deposits;

(67) CT06 Real Property Proceeds;

(68) CT07 Cash Bonds;

(69) CT08 Partial Payments;

(70) CT09 Judgments;

(71) CT10 Trust Funds;

(72) CT99 Aggregate Court Deposits Under fifty dollars ($50.00);

(73) IN01 Individual Policy Benefits or Claim Payments;

(74) IN02 Group Policy Benefits or Claim Payments;

(75) IN03 Proceeds Due Beneficiaries;

(76) IN04 Proceeds From Matured Policies, Endowments or Annuities;

(77) IN05 Premium Refunds;

(78) IN06 Unidentified Remittances;

(79) IN07 Other Amounts Due Under Policy Terms;

(80) IN08 Agent Credit Balances;

(81) IN99 Aggregate Insurance Policy Under fifty dollars ($50.00)

(82) SC01 Dividends;

(83) SC02 Interest (Bond Coupons);

(84) SC03 Principal Payments;

(85) SC04 Equity Payments;

(86) SC05 Profits;

(87) SC06 Funds Paid to Purchase Shares;

(88) SC07 Funds for Stocks and Bonds;

(89) SC08 Shares of Stock (Returned by Post Office);

(90) SC09 Cash for Fractional Shares;

(91) SC10 Unexchanged Stock & Fractional Shares of Successor Corp;

(92) SC11 Other Cert of Ownership;

(93) SC12 Underlying Shares or Other Outstanding Certificates;

(94) SC13 Funds for Liquidation Redemption;

(95) SC14 Debentures;

(96) SC15 US Gov't Securities;

(97) SC16 Mutual Fund Shares;

(98) SC17 Warrants (Rights);

(99) SC18 Matured Bond Principal;

(100) SC19 Dividend Reinvestment Plans;

(101) SC20 Credit Balances;

(102) SC99 Aggregate Security Related Cash Under fifty dollars ($50.00);

(103) TR01 Paying Agent Accounts;

(104) TR02 Undelivered or Uncashed Dividends;

(105) TR03 Funds Held In Fiduciary Capacity;

(106) TR04 Escrow Accounts;

(107) TR05 Trust Vouchers;

(108) TR99 Aggregate Trust Property Under fifty dollars ($50.00);

(109) UT01 Utility Deposits;

(110) UT02 Membership Fees;

(111) UT03 Refunds or Rebates;

(114) UT04 Capital Credit Distributions;

(115) UT99 Aggregate Utility Property Under fifty dollars ($50.00);

(116) ZZZZ Properties Not Identified Above

With regard to transactions between business associations, the following types of property are covered by the statutory exclusion provide in G.S. 116B-54(e), and no reporting to the State of North Carolina on behalf of North Carolina owners would be required; (42) MS05--Customer Overpayments; (44) MS07-Unrefunded Overcharges; (46) MS09-Credit Balances; (47) MS10-Discounts Due; and (48) MS11-Refunds Due. As for (22) CK-Credit Checks or Memos, to the extent a credit memo reflects an overpayment, underpayment, discount, or refund, it is also excludred from the reporting requirements.

20 N.C. Admin. Code 08 .0204

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.