When do surplus funds require a court petition or lawsuit? | NC

About this video

Q: When do surplus funds require a court petition or lawsuit instead of a simple unclaimed-property claim process? A: Surplus funds usually need a court petition when the money came from a foreclosure, tax foreclosure, or other court-supervised sale and was paid into the clerk of court. If the money is already with the State Treasurer as unclaimed property, a simple administrative claim is more…