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2019 Vermont Statutes
Title 11A - Vermont Business Corporations
Chapter 14 - Dissolution
§ 14.40 Deposit with State Treasurer
Universal Citation: 11 V.S.A. § 14.40
§ 14.40. Deposit with State Treasurer
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 State Treasurer or other appropriate State official for safekeeping. When the creditor, claimant, or shareholder furnishes satisfactory proof of entitlement to the amount deposited, the State Treasurer or other appropriate State official shall pay him or her or his or her representative that amount. (Added 1993, No. 85, § 2, eff. Jan. 1, 1994.)
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