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Georgia State Code
Title      14
Chapter       2  
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Section<<< 1421 1422 1423 1430 1431 1432 1433 1440 1501 1502 >>>  
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.

Friday September 5 05:44 CDT


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