N.D. Cent. Code § 10-33-114

Current through 2024 Legislative Session
Section 10-33-114 - Deposit with administrator of abandoned property of amount due certain persons - Appropriation

Upon dissolution of a corporation, the portion of the assets distributable to a person who is unknown or cannot be found must be reduced to money and deposited with the administrator of abandoned property for disposition pursuant to chapter 47-30.2. The amount deposited is appropriated to the administrator of abandoned property and must be paid over to the person or a legal representative, upon proof satisfactory to the administrator of abandoned property of a right to payment.

N.D.C.C. § 10-33-114

Amended by S.L. 2021, ch. 337 (SB 2048),§ 3, eff. 7/1/2021.