20 NCAC 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.

 

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

Eff. February 1, 1982;

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