After you have completed steps 1 and 2, it's time to prepare your report.
An ASD-159 must be completed and submitted with any remitted report (cash, securities, or tangible property.) An unsigned ASD-159 may not be processed and will be returned to the holder for correction.
Second: Select Your Accompanying Form Based on the Type of Property You Are Reporting
Third: Determine Your Reporting Period and Report Due Date
Fourth: Determine Your
Depending on the number of properties you are reporting, you
may be required to prepare your report in an electronic format. Using the
following guidelines, determine the reporting format you will use.
50 or More Properties
If you are reporting 50 or more
properties, you are required to prepare
your report in the NC Electronic File Format (modified NAUPA format). Electronic reports are encouraged for holders
reporting less than 50 property owner records.
Holders reporting tangible property must report in paper format,
utilizing an ASD-127 and an ASD-159T.
Less than 50 Properties
If you are reporting less than 50
property owner records, you may prepare your report in paper format or electronic
format which is encouraged.
A signed ASD-159, in addition to
a completed ASD-21 is required for
reporting cash. Any limiting notations or endorsements, written or stamped on
attached payment documents - to include any similar limiting language contained
in an accompanying correspondence - cannot be reviewed and will not be
An ASD-159T (Unclaimed
Property Verification Report) and ASD-127 are required for
all reports of tangible property. Any limiting notations or endorsements,
written or stamped on attached payment documents - to include any similar
limiting language contained in an accompanying correspondence - cannot be
reviewed and will not be honored.
No Records to Report?
Holders that do not have anything to
report are not required to file a “negative” report. If you elect to file
a negative report, an ASD-NEG (Negative Report of Unclaimed Property) must be completed.
Need Extra Time?
Extensions may be granted for good
cause, according to N.C.G.S. § 116B-60(e).
Prepare Your Report
Step 3 Checklist
To complete Step 3, you should
have completed the following:
If you have finalized this checklist,
you are ready to move to Step 4.