20 NCAC 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.

 

History Note:        Authority G.S. 116B-60; 116B‑80;

Eff. February 1, 1982;

Amended Eff. April 1, 2001, November 1, 1988.