State Codes and Statutes
Statutes > Indiana > Title23 > Ar1 > Ch48IC 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 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 the creditor, claimant, or shareholder or a
representative of the creditor, claimant, or shareholder that amount.
As added by P.L.149-1986, SEC.32.
