2005 North Carolina Code - General Statutes § 116B-73. Retention of records.

§ 116B‑73.  Retention of records.

(a)       Except as otherwise provided in subsection (b) of this section, a holder required to file a report under G.S. 116B‑60 shall maintain the records containing the information required to be included in the report for 10 years after the holder files the report, unless a shorter period is provided by rule of the Treasurer.

(b)       A business association that sells, issues, or provides to others for sale or issue in this State, traveler's checks, money orders, or similar instruments other than third‑party bank checks, on which the business association is directly liable, shall maintain a record of the instruments while they remain outstanding, indicating the state and date of issue, for three years after the holder files the report. (1999‑460, s. 6.)