Utah Code § 16-6a-1419

Current through the 2024 Fourth Special Session

Section 16-6a-1419 - Deposit with state treasurer

Assets of a dissolved nonprofit corporation that are to be transferred to a creditor, claimant, or member of the nonprofit corporation shall be reduced to cash and deposited with the state treasurer in accordance with Title 67, Chapter 4a, Revised Uniform Unclaimed Property Act, if the creditor, claimant, or member:

(1) cannot be found; or

(2) is not legally competent to receive the assets.

Utah Code § 16-6a-1419

Amended by Chapter 378, 2010 General Session.