NC Escheats Law

Unclaimed property should be reported and paid to the State. There are over 100 types of property that may become unclaimed. Generally, unclaimed property consists of bank accounts, wages, refunds, utility deposits, insurance policy proceeds, stocks, bonds, contents of safe deposit boxes, etc. that have been abandoned. The reporting form is ASD-159. The State says a holder who fails to report, pay or deliver property within the time prescribed by law, or fails to perform duties required by this law, such as due diligence, will be subject to all penalties under G.S. 116B-77. For more information go to the State Treasurer's website at and link to the "Unclaimed Property" page.