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Chapter 302A
Section 302A.771
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This is an historical version of this statute chapter. Also view the most recent published version.
302A.771 DEPOSIT WITH COMMISSIONER OF FINANCE 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
commissioner of finance. The amount deposited is appropriated to the commissioner of finance
and shall be paid over to the shareholder or a legal representative, upon proof satisfactory to the
commissioner of finance of a right to payment.
History: 1981 c 270 s 116; 2003 c 112 art 2 s 50
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
commissioner of finance. The amount deposited is appropriated to the commissioner of finance
and shall be paid over to the shareholder or a legal representative, upon proof satisfactory to the
commissioner of finance of a right to payment.
History: 1981 c 270 s 116; 2003 c 112 art 2 s 50
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Revisor of Statutes