§ 7-1.2-1322. Deposit with state treasury of amount due certain shareholders.
Upon the voluntary or involuntary dissolution of a corporation, the portion of the assets distributable to a creditor or shareholder who is unknown or cannot be found, or who is under disability and there is no person legally competent to receive the distributive portion, will be reduced to cash and deposited with the general treasury and paid over to the creditor or shareholder or to his or her legal representative upon satisfactory proof to the general treasury of his or her right to the payment.
History of Section.P.L. 2004, ch. 216, § 2; P.L. 2004, ch. 274, § 2.
Structure Rhode Island General Laws
Title 7 - Corporations, Associations and Partnerships
Chapter 7-1.2 - Rhode Island Business Corporation Act
Part 13 - Dissolution and Revocation
Section 7-1.2-1301. - Voluntary dissolution by incorporators.
Section 7-1.2-1302. - Voluntary dissolution by consent of shareholders.
Section 7-1.2-1303. - Voluntary dissolution by act of corporation.
Section 7-1.2-1304. - Revocation of voluntary dissolution proceedings by consent of shareholders.
Section 7-1.2-1305. - Revocation of voluntary dissolution proceedings by act of corporation.
Section 7-1.2-1306. - Filing of statement of revocation of voluntary dissolution proceedings.
Section 7-1.2-1307. - Effect of statement of revocation of voluntary dissolution proceedings.
Section 7-1.2-1308. - Articles of dissolution.
Section 7-1.2-1309. - Filing of articles of dissolution.
Section 7-1.2-1310. - Revocation of articles of incorporation.
Section 7-1.2-1311. - Issuance of certificates of revocation.
Section 7-1.2-1312. - Withdrawal of certificate of revocation.
Section 7-1.2-1313. - Appeal from revocation of articles of incorporation.
Section 7-1.2-1314. - Jurisdiction of court to liquidate assets and business of corporation.
Section 7-1.2-1315. - Avoidance of dissolution by share buyout.
Section 7-1.2-1316. - Procedure in liquidation of corporation by court.
Section 7-1.2-1317. - Bond of receivers.
Section 7-1.2-1318. - Filing of claims in liquidation proceedings.
Section 7-1.2-1319. - Discontinuance of liquidation proceedings.
Section 7-1.2-1320. - Decree of involuntary dissolution.
Section 7-1.2-1321. - Filing of decree of dissolution.
Section 7-1.2-1322. - Deposit with state treasury of amount due certain shareholders.
Section 7-1.2-1323. - Jurisdiction of court to appoint a receiver.
Section 7-1.2-1324. - Survival of remedy after dissolution.
Section 7-1.2-1325. - Continuation of certain corporate powers.