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302A.771 Deposit with state treasurer of amount due certain shareholders.

Upon dissolution of a corporation, the portion of the assets distributable to a shareholder who is unknown or cannot be found, or who is under disability, if there is no person legally competent to receive the distributive portion, shall be reduced to money and deposited with the state treasurer. The amount deposited is appropriated to the state treasurer and shall be paid over to the shareholder or a legal representative, upon proof satisfactory to the state treasurer of a right to payment.

HIST: 1981 c 270 s 116

Official Publication of the State of Minnesota
Revisor of Statutes