§ 7-1.2-1322 - Deposit with state treasury of amount due certain shareholders. - Rhode Island Statutes

SECTION 7-1.2-1322

   § 7-1.2-1322  Deposit with state treasuryof amount due certain shareholders. – Upon the voluntary or involuntary dissolution of a corporation, the portion ofthe assets distributable to a creditor or shareholder who is unknown or cannotbe found, or who is under disability and there is no person legally competentto receive the distributive portion, will be reduced to cash and deposited withthe general treasury and paid over to the creditor or shareholder or to hislegal representative upon satisfactory proof to the general treasury of hisright to the payment.