16-6a-1419. Deposit with state treasurer.
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/ut/title-16/chapter-6a/16-6a-1419·A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
16-6a-1419. Deposit with state treasurer.
Assets of a dissolved nonprofit corporation that are to be transferred to a creditor, claimant, or member of the nonprofit corporation shall be reduced to cash and deposited with the state treasurer in accordance with Title 67, Chapter 4a, Revised Uniform Unclaimed Property Act , if the creditor, claimant, or member:
(1)cannot be found; or
(2)is not legally competent to receive the assets.
Amended by Chapter 378 , 2010 General Session