CHAPTER 48. DEPOSIT OF ASSETS OF DISSOLVED CORPORATION

IC 23-1-48
    Chapter 48. Deposit of Assets of Dissolved Corporation

IC 23-1-48-1
Deposit of assets; payment to claimant
    Sec. 1. Assets of a dissolved corporation that should betransferred to a creditor, claimant, or shareholder of the corporationwho cannot be found or who is not competent to receive them shallbe reduced to cash and deposited with the state treasurer or otherappropriate state official for safekeeping. When the creditor,claimant, or shareholder furnishes satisfactory proof of entitlementto the amount deposited, the state treasurer or other appropriate stateofficial shall pay the creditor, claimant, or shareholder or arepresentative of the creditor, claimant, or shareholder that amount.
As added by P.L.149-1986, SEC.32.