2023 CODE OF GEORGIA
Title 14 - CORPORATIONS, PARTNERSHIPS, AND ASSOCIATIONS (§§ 14-1-101 — 14-11-1109)
Chapter 2 - BUSINESS CORPORATIONS (§§ 14-2-101 — 14-2-1807)
Article 14 - DISSOLUTION (§§ 14-2-1401 — 14-2-1440)
Part 4 - MISCELLANEOUS (§ 14-2-1440)
Section 14-2-1440 - Deposit of assets with Office of the State Treasurer

Universal Citation:
GA Code § 14-2-1440 (2023)
Learn more This media-neutral citation is based on the American Association of Law Libraries Universal Citation Guide and is not necessarily the official citation.

Assets of a dissolved corporation that should be transferred to a creditor, claimant, or shareholder of the corporation who cannot be found or who is not competent to receive them shall be reduced to cash and deposited with the Office of the State Treasurer for safekeeping. When the creditor, claimant, or shareholder furnishes satisfactory proof of entitlement to the amount deposited, the Office of the State Treasurer shall pay him or her or his or her representative that amount. After the Office of the State Treasurer has held the unclaimed cash for six months, the Office of the State Treasurer 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 Office of the State Treasurer by the parties entitled thereto. No such claim shall be made more than six years after such cash is deposited with the Office of the State Treasurer.

Amended by 2010 Ga. Laws 621,§ 2, eff. 7/1/2010.

Amended by 2001 Ga. Laws 249, § 3, eff. 7/1/2001.


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