North Carolina § 116B-64 Loss, income, or gain accruing after payment or delivery

North Carolina Statutes

§ 116B-64 — Loss, income, or gain accruing after payment or delivery

North Carolina § 116B-64

Ch. 116BEscheats and Abandoned Property

Art. 4North Carolina Unclaimed Property Act

This text of North Carolina § 116B-64 (Loss, income, or gain accruing after payment or delivery) is published on Counsel Stack Legal Research, covering North Carolina primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

N.C. Gen. Stat. § 116B-64 (2026).

Text

If property other than money is delivered to the Treasurer under this Chapter, the owner is entitled to receive from the Treasurer any income or gain realized or accruing on the property at or before liquidation or conversion of the property into money. If the property is interest-bearing or pays dividends, the interest or dividends shall be paid until the date on which the amount of the deposits, accounts, or funds, or the shares must be remitted or delivered to the Treasurer under G.S. 116B-61. Otherwise, when property is delivered or paid to the Treasurer, the Treasurer shall hold the property without liability for loss, income, or gain. (1979, 2nd Sess., c. 1311, s. 1; 1999-460, s. 6; 2020-48, s. 3.3.)

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If property other than money is delivered to the Treasurer under this Chapter, the owner is entitled to receive from the Treasurer any income or gain realized or accruing on the property at or before liquidation or conversion of the property into money. If the property is interest-bearing or pays dividends, the interest or dividends shall be paid until the date on which the amount of the deposits, accounts, or funds, or the shares must be remitted or delivered to the Treasurer under G.S. 116B-61. Otherwise, when property is delivered or paid to the Treasurer, the Treasurer shall hold the property without liability for loss, income, or gain. (1979, 2nd Sess., c. 1311, s. 1; 1999-460, s. 6; 2020-48, s. 3.3.)