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Section 7-1.2-1322 Deposit with state treasury of amount due certain shareholders.

RI Gen L § 7-1.2-1322 (2019) (N/A)
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§ 7-1.2-1322. Deposit with state treasury of amount due certain shareholders. Upon the voluntary or involuntary dissolution of a corporation, the portion of the assets distributable to a creditor or shareholder who is unknown or cannot be found, or who is under disability and there is no person legally competent to receive the distributive portion, will be reduced to cash and deposited with the general treasury and paid over to the creditor or shareholder or to his or her legal representative upon satisfactory proof to the general treasury of his or her right to the payment.

History of Section. (P.L. 2004, ch. 216, § 2; P.L. 2004, ch. 274, § 2.)

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