501.831 - DEPOSIT WITH STATE TREASURER.
501.831 DEPOSIT WITH STATE TREASURER. Assets of a dissolved cooperative that should be transferred to a creditor, claimant, or interest holder of the cooperative 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 interest holder furnishes satisfactory proof of entitlement to the amount deposited, the treasurer of state or other appropriate state official shall pay the creditor, claimant, or interest holder or that person's representative the amount.
Section History: Recent Form 98 Acts, ch 1152, §67, 69