Ky. Rev. Stat. § 271B.14-400

Current through 2024 Ky. Acts ch.225
Section 271B.14-400 - 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 State Treasurer or other appropriate state official for safekeeping. When the creditor, claimant, or shareholder furnishes satisfactory proof of entitlement to the amount deposited, the State Treasurer or other appropriate state official shall pay him or his representative that amount.

KRS 271B.14-400

Effective:1/1/1989
Created 1988 Ky. Acts ch. 23, sec. 152, effective1/1/1989.