Minnesota Legislature
Office of the Revisor of Statutes
2008 Minnesota Statutes
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:
Official Publication of the State of Minnesota
Revisor of Statutes