490.1440 - DEPOSIT WITH STATE TREASURER.
490.1440 DEPOSIT WITH STATE TREASURER. Assets of a dissolved corporation that should be transferred to a creditor, claimant, or shareholder of the corporation who cannot be found or who is not competent to receive them shall be reduced to cash and deposited with the treasurer of state or other appropriate state official for safekeeping. When the creditor, claimant, or shareholder furnishes satisfactory proof of entitlement to the amount deposited, the treasurer of state or other appropriate state official shall pay the creditor, claimant, or shareholder or that person's representative that amount.
Section History: Recent Form 89 Acts, ch 288, §160 Referred to in § 489.1112, 490A.1512, 524.1305, 524.1310, 533.404, 556.6