Title: S.L. 1971-1110
Category: Introduced Bills

General Assembly of North Carolina	1971

NORTH CAROLINA GENERAL ASSEMBLY
1971 SESSION

CHAPTER 1110
SENATE BILL 679

AN ACT TO PROVIDE FOR REPORTING OF CERTAIN FUNDS BY PERSONS, FIRMS AND CORPORATIONS FOR PURPOSES OF ESCHEAT.

The General Assembly of North Carolina enacts:

Section 1.  A certified copy of the balance sheet or final statement for each calendar year of any person, firm or corporation having 25 or more employees in the State of North Carolina shall be filed with the North Carolina tax return of such person, firm or corporation indicating in a separate account or as a separate item in the "surplus" account the following:
(1)	All unclaimed salaries, wages and other compensation from any person, firm or corporation employing 25 or more people unclaimed for two years which escheat pursuant to G.S. 116A-7;
(2)	All unclaimed dividends of corporations, joint stock companies or associations unclaimed for three years which escheat pursuant to G.S. 116A-4;
(3)	All rebates and returns of overcharges and unclaimed meter deposits due by utility companies unclaimed for two years which escheat pursuant to G.S. 116A-7; and
(4)	Unclaimed dividends or other distributions due from any association organized under Subchapter IV or Subchapter V of Chapter 54 of the General Statutes unclaimed for three years which escheat pursuant to G.S. 116A-7.
Sec. 2.  This act shall become effective July 1, 1971.
In the General Assembly read three times and ratified, this the 21st day of July, 1971.

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Introduced Bill	Page