Any business association in possession of property is a potential holder. This includes but is not limited to banks, insurance companies, utilities, corporations, government agencies, nonprofit organizations. 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 – that is, for which there have been no documented transactions or contact with the owners for a statutory period of time known as a dormancy period.
For those holders which may be holding unclaimed property past the prescribed dormancy period, in most cases, North Carolina is able to accept such delinquent property, waiving any penalties and interest. Click on the link for the terms and conditions of North Carolina’s Voluntary Disclosure Agreements. A holder representative or authorized employee can initiate the process on behalf of the interested holder, which may or may not be anonymous, by contacting our office at 919-508-1000, option 3 or by e-mail at unclaimed.property@nctreasurer.com.