H294 - Unclaimed Property Notice Requirements/Modify Various Board Term Limits. (SL 2017-134)

Overview: S.L. 2017-134:

• Amends notice requirements under the North Carolina Unclaimed Property Act (NCUPA), effective October 1, 2017.
• Restores the Treasurer's authority under the NCUPA to dispose of abandoned property having no substantial commercial value, retroactively effective October 1, 2015.
• Makes other technical and conforming changes to the NCUPA, effective July 20, 2017.
• Modifies term limits of certain members of the Vocational Rehabilitation Council and the Board of Trustees of the North Carolina Museum of Art, effective July 20, 2017.

CURRENT LAW: