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2018 Iowa Code
Title XII - BUSINESS ENTITIES
Chapter 501 - CLOSED COOPERATIVES
Section 501.831 - Deposit with state treasurer.
Universal Citation: IA Code § 501.831 (2018)
501.831
Deposit with state treasurer.
Assets of a dissolved cooperative that should be transferred to a creditor, claimant, or interest holder of the cooperative who cannot be found or who is not competent to receive them shall be reduced to cash and deposited with the treasurer of state or other appropriate state official for safekeeping. When the creditor, claimant, or interest holder furnishes satisfactory proof of entitlement to the amount deposited, the treasurer of state or other appropriate state official shall pay the creditor, claimant, or interest holder or that person’s representative the amount.
98 Acts, ch 1152, §67, 69
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