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North Carolina · Through S.L. 2026-30

N.C. Gen. Stat. § 116B-57: Dormancy charge; other lawful charges.

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Where this section sits in the code
  1. Chapter 116B. Escheats and Abandoned Property.
  2. Article 4. North Carolina Unclaimed Property Act.

(a) A holder may deduct from property presumed abandoned a reasonable charge imposed by reason of the owner's failure to claim the property within a specified time only if there is a valid and enforceable written contract between the holder and the owner under which the holder may impose the charge and the holder regularly imposes the charge, which is not regularly reversed or otherwise canceled.

(b) This Chapter does not prevent a holder from deducting from property presumed abandoned other lawful charges specifically authorized by statute or by a valid and enforceable contract. (1999-460, s. 6.)

Collected 2026-08-27T18:18:07Z. Source file · JSON

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