§ 31.12.697. Unclaimed liquidation dividends
Any liquidation dividends to share account holders, depositors, or other creditors of the credit union remaining uncalled for and unpaid in the hands of the receiver for six months after the order of final distribution, must be deposited in a financial institution to each share account holder's, depositor's, or creditor's credit. The funds must be held in trust for the benefit of the persons entitled to the funds and, subject to the supervision of the court, must be paid by the receiver to them upon presentation of satisfactory evidence of their right to the funds.
[1997 c 397 § 78.]
Sections: Previous 31.12.674 31.12.677 31.12.681 31.12.684 31.12.687 31.12.691 31.12.694 31.12.697 31.12.701 31.12.704 31.12.707 31.12.711 31.12.714 31.12.717 31.12.721 NextLast modified: April 7, 2009