North Carolina Const. art. IX, § 10

North Carolina Constitution

Article IX, § 10 — Escheats

North Carolina Const. art. IX, § 10 (Escheats) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.

JurisdictionNorth Carolina DocumentConstitution

ArticleIX

Section§ 10

CitationNorth Carolina Const. art. IX, § 10

Bluebook

N.C. Const. art. IX, § 10.

Full Text

(1) Escheats prior to July 1, 1971. All property that prior to July 1, 1971, accrued to the State from escheats, unclaimed dividends, or distributive shares of the estates of deceased persons shall be appropriated to the use of The University of North Carolina. (2) Escheats after June 30, 1971. All property that, after June 30, 1971, shall accrue to the State from escheats, unclaimed dividends, or distributive shares of the estates of deceased persons shall be used to aid worthy and needy students who are residents of this State and are enrolled in public institutions of higher education in this State. The method, amount, and type of distribution shall be prescribed by law.

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(1) Escheats prior to July 1, 1971. All property that prior to July 1, 1971, accrued to the State from escheats, unclaimed dividends, or distributive shares of the estates of deceased persons shall be appropriated to the use of The University of North Carolina. (2) Escheats after June 30, 1971. All property that, after June 30, 1971, shall accrue to the State from escheats, unclaimed dividends, or distributive shares of the estates of deceased persons shall be used to aid worthy and needy students who are residents of this State and are enrolled in public institutions of higher education in this State. The method, amount, and type of distribution shall be prescribed by law.