§ 23B.14.400. Deposit with state treasurer
Following its dissolution, the assets of a corporation that should be transferred to a creditor, claimant, or shareholder of the corporation who cannot be found or who is not competent to receive them may be reduced to cash and deposited with the state treasurer for safekeeping. If assets are transferred to the state treasurer, and if the creditor, claimant, or shareholder furnishes satisfactory proof of entitlement to the amount deposited, the state treasurer or other appropriate state official shall pay such person or such person's representative that amount.
[2006 c 52 § 18; 1989 c 165 § 168.]
Sections: Previous 23B.14.060 23B.14.065 23B.14.070 23B.14.200 23B.14.203 23B.14.210 23B.14.220 23B.14.300 23B.14.310 23B.14.320 23B.14.330 23B.14.340 23B.14.390 23B.14.392 23B.14.400Last modified: April 7, 2009