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Code · North Carolina · Chapter 116B — Escheats and Abandoned Property

§ 116B-1.1. Policy and interpretation.

87 words·~1 min read·/nc/chapter-116b/116b-1-1

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§ 116B-1.1. Policy and interpretation.
The policy of the State is to recover and transfer property to rightful owners in a manner that is consistent with the interest of the rightful owners. Where the rightful owner cannot be appropriately determined, it is the policy of the State that all benefits realized from any unclaimed or abandoned property shall accrue to the benefit of higher education for the residents of the State. This Chapter shall be liberally interpreted in a manner that fulfills these purposes. (2020-48, s. 3.2.)
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