Title 14, Chapter 2, Section 1440
( 14-2-1440)
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 Office of Treasury and Fiscal Services
for safekeeping. When the creditor, claimant, or shareholder
furnishes satisfactory proof of entitlement to the amount deposited,
the Office of Treasury and Fiscal Services shall pay him or her or
his or her representative that amount. After the Office of Treasury
and Fiscal Services has held the unclaimed cash for six months, the
Office of Treasury and Fiscal Services shall pay such cash to the
Board of Regents of the University System of Georgia, to be held
without liability for profit or interest until a claim for such cash
shall be filed with the Office of Treasury and Fiscal Services by
the parties entitled thereto. No such claim shall be made more than
six years after such cash is deposited with the Office of Treasury
and Fiscal Services. |