Title 46, Chapter 3, Section 438
( 46-3-438)
Upon the voluntary or involuntary dissolution of an electric
membership corporation, the portion of the assets distributable to a
creditor or member who is unknown or cannot be found, or who is
under disability and has no known representative legally competent
to receive such distributive portion, shall be reduced to cash and
deposited with the Department of Administrative Services and shall
be paid over to such creditor or member or to his legal
representative upon proof satisfactory to the Department of
Administrative Services of his right thereto. After the Department
of Administrative Services has held the unclaimed cash for six
months, the Department of Administrative 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 Department of Administrative
Services by the parties entitled thereto. No such claim shall be
made more than six years after such cash is deposited with the
Department of Administrative Services. |