2007 Minnesota Code
Chapters 300 - 319B Corporations
Chapter 317A Nonprofit Corporations
Section 317A.771 DEPOSIT WITH COMMISSIONER OF FINANCE OF AMOUNT DUE CERTAIN PERSONS.
317A.771 DEPOSIT WITH COMMISSIONER OF FINANCE OF AMOUNT DUE
CERTAIN PERSONS.
Upon dissolution of a corporation, the part of the assets distributable to a person who is
unknown or cannot be found, or who is under disability, if there is no person legally competent
to receive it, must be reduced to money and deposited with the commissioner of finance. The
amount deposited is appropriated to the commissioner of finance and must be paid over to the
person, upon proof satisfactory to the commissioner of finance of a right to payment.
History: 1989 c 304 s 112; 2003 c 112 art 2 s 50
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