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Chapter 322B
Section 322B.86
Topics
Recent History
- 2014 322B.86 Repealed 2014 c 157 art 1 s 91
This is an historical version of this statute chapter. Also view the most recent published version.
322B.86 DEPOSIT WITH COMMISSIONER OF FINANCE OF AMOUNT DUE
CERTAIN MEMBERS.
Upon termination of a limited liability company, the portion of the assets distributable to
a member who is unknown or cannot be found, or who is under disability, if there is no person
legally competent to receive the distributive portion, 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 member or a legal representative, upon proof satisfactory to
the commissioner of finance of a right to payment.
History: 1992 c 517 art 2 s 122; 2003 c 112 art 2 s 50
CERTAIN MEMBERS.
Upon termination of a limited liability company, the portion of the assets distributable to
a member who is unknown or cannot be found, or who is under disability, if there is no person
legally competent to receive the distributive portion, 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 member or a legal representative, upon proof satisfactory to
the commissioner of finance of a right to payment.
History: 1992 c 517 art 2 s 122; 2003 c 112 art 2 s 50
Official Publication of the State of Minnesota
Revisor of Statutes