Sec. 3-59c. Duties of holder of abandoned interests in business associations.
Sec. 3-59c. Duties of holder of abandoned interests in business associations.
When the property to be delivered to the Treasurer pursuant to the provisions of section
3-65a is an ownership interest in a business association presumed abandoned under
section 3-59b, the holder shall deliver a duplicate certificate of such interest, registered
in the name of the Treasurer, to the Treasurer if such a certificate is the customary
evidence of such interest and, if the ownership interest is not customarily evidenced by
a certificate, the holder shall deliver such evidence of such ownership interest as the
Treasurer may by regulation require.
(1971, P.A. 831, S. 2.)