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317A.771 Deposit with commissioner of finance of amount due certain persons.

Upon dissolution of a corporation, the part of the assets distributable to a person who is unknown or cannot be found, or who is under disability, if there is no person legally competent to receive it, must be reduced to money and deposited with the commissioner of finance. The amount deposited is appropriated to the commissioner of finance and must be paid over to the person, upon proof satisfactory to the commissioner of finance of a right to payment.

HIST: 1989 c 304 s 112; 2003 c 112 art 2 s 50

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Revisor of Statutes