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ASD-NEG Revised 08/27/14 DEPARTMENT OF STATE TREASURER UNCLAIMED PROPERTY PROGRAM NEGATIVE REPORT OF UNCLAIMED PROPERTY FOR HOLDING PERIOD ENDING: December 31, 2014 (Life Insurers Only) June 30, 2015.

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How to fill out the Asd Neg Form online

Completing the Asd Neg Form online can streamline your reporting process for unclaimed property. This guide provides step-by-step instructions to help you fill out the form accurately and efficiently.

Follow the steps to successfully complete the Asd Neg Form.

  1. Click ‘Get Form’ button to obtain the form and open it in your preferred editor.
  2. Enter the holder name in the designated field. This should be the full legal name of the entity submitting the report.
  3. Provide your mailing address, including your city, state, and zip code. Ensure that all information is accurate for correspondence purposes.
  4. Fill in your contact telephone number. This should be a direct line where you can be reached for any clarifications regarding your submission.
  5. Input your financial institution number (FIN) and the state of incorporation, along with the date of incorporation.
  6. Indicate the primary business activity of the holder by providing a brief description.
  7. If applicable, list the previous holders’ names and last known addresses for the past five years, especially if you are a successor company.
  8. Note any prior names or changes to your FIN or state of incorporation within the last five years.
  9. If subsidiary companies are involved, list their names and FINs in the specified section.
  10. Complete the fields regarding the total number of employees, including those from subsidiaries, and specify if this is the initial report.
  11. Review the types of property that have been examined and list them, ensuring to include relevant records that were reviewed.
  12. In the certification and verification section, print your name, title, and provide your signature to attest to the accuracy of the report.
  13. Finally, save your changes, download a copy for your records, and prepare to submit the completed form to the NC Department of State Treasurer as instructed.

Prepare and file your Asd Neg Form online today to ensure compliance and avoid penalties.

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By law, these funds are escheated, or turned over, to the Department of State Treasurer for safekeeping. As new funds are added, the NC Cash database is updated, which means that your name could be listed right now.

Reporting forms are available at .nccash.com/reporting - Forms and Guides or may be obtained by contacting the UPD. Both the ASD-159 (Unclaimed Property Verification) and ASD-21 (Report of Unclaimed Property) must be completed for reporting cash. Please read the instructions for each of the forms.

A dormancy period can vary from 1 to 15 years depending on the property type. Some examples include: Utility deposits and refunds, wages and government obligations have a one-year dormancy period.

What is unclaimed property and why did you receive this letter? Unclaimed property comes in many forms: unpaid wages, uncashed checks, accounts receivable credit balances, etc. Essentially, unclaimed or abandoned property refers to accounts with no activity or contact with the owner for a year or longer.

Filing a Negative Report: If you have nothing to report, we recommend filing a negative report. Negative reports are not statutorily required, but is deemed a best practice. Negative reports help establish a solid reporting history for your business in years when there is no property to remit.

In North Dakota, Unclaimed Property is a division of the Department of Trust Lands which serves under the direction and authority of the Board of University and School Lands. One of our top priorities is reuniting owners with their lost or misplaced property.

North Dakota Dormancy Periods Generally, most property types have a 2 or 3 year dormancy period. Accounts are considered dormant if the owner of a property has not indicated any interest in the property or if no contact has been made for the allotted dormancy period for that property.

"Negative" or "Zero" annual reports reflecting that no unclaimed property is held by the holder or business enterprise are not statutorily required. However, submission of such reports is strongly encouraged and deemed to be a best governance practice by most corporate legal and accounting advisors.

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