10-1440. Deposit with department of
revenue
Assets of a dissolved corporation that should be transferred to a creditor, claimant
or shareholder of the corporation who either cannot be found or who is not competent to
receive them and does not have a legal representative who is legally competent to receive
them shall be reduced to cash and deposited with the unclaimed property division of the
department of revenue for safekeeping. When the creditor, claimant, shareholder or legal
representative who is legally competent to receive the distributive portion furnishes
satisfactory proof of entitlement to the amount deposited, the unclaimed property
division of the department of revenue shall pay the creditor, claimant, shareholder or
legal representative that amount.
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