North Carolina Administrative Code
Title 04 - COMMERCE
Chapter 06 - CREDIT UNION DIVISION
Subchapter C - CREDIT UNIONS
Section .0700 - ACCOUNTS
Section 06C .0706 - DORMANT ACCOUNTS
Universal Citation: 04 NC Admin Code 06C .0706
Current through Register Vol. 39, No. 6, September 16, 2024
After an account is declared dormant and the provisions of the law have been complied with, the Credit Union must transfer the dormant account to accounts payable (N.C. Escheats Fund) and maintain detailed records of such accounts until paid to the N.C. Escheats Fund according to the North Carolina Escheats Law.
Authority
G.S.
54-109.12;
Eff. February 1,
1976;
Readopted Eff. April 4, 1978;
Amended Eff.
October 1, 1982;
Pursuant to
G.S.
150B-21.3A, rule is necessary without
substantive public interest Eff. September 6,
2016.
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