Section 10.20.445. Deposit with commissioner of amount due creditors or members.

Latest version.

Upon the voluntary or involuntary dissolution of a corporation, the portion of the assets distributable to a creditor or member who is unknown or cannot be found, or who is under disability and there is no legally competent person to receive the distributive portion, shall be reduced to cash and deposited with the commissioner and shall be paid over to the creditor or member or the legal representative of the creditor or member upon proof satisfactory to the commissioner of a right to it.

Notes

History

(Sec. 1 ch 99 SLA 1968)

                    
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