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A public reference institution of the State of North Carolina's law

North Carolina Law

N.C.G.S. § 54D-13 — revision history

Text is never overwritten. Each amendment lands as a new version row with its own effective range.

  1. Version 1 — 2026-08-08 to present

    Scraped from ncleg.gov; The General Statutes include changes through S.L. 2026-7.

    (a) Unless otherwise provided in the account agreement, a special deposit terminates five years after the date the special deposit was first funded. (b) Unless otherwise provided in the account agreement, if the bank cannot identify or locate a beneficiary entitled to payment when the special deposit is terminated, and a balance remains in the special deposit, the bank shall pay the balance to the depositor or depositors as a beneficiary or beneficiaries. (c) A bank that pays the remaining balance as provided under subsection (b) of this section has no further obligation with respect to the special deposit.  (2025-25, s. 158.)