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4-26-1109. Deposit with Treasurer of State of amount due certain creditors or shareholders.
Arkansas Code — all titles (historical 2020) · legal_authorities
4-26-1109. Deposit with Treasurer of State of amount due certain creditors or shareholders.
Upon the liquidation of a corporation, whether before or after dissolution, the portion of the assets distributable to a creditor or shareholder who is unknown or cannot be found or who is under disability, and there is no person legally competent to receive such distributive portion, shall be reduced to cash and deposited with the Treasurer of State and shall be paid over to the creditor or shareholder or to his or her legal representative upon proof satisfactory to the Treasurer of State of his or her right thereto.
Source: Arkansas Code — historical release 78 (November 6, 2020) · 4-26-1109
Stored review status: Historical 2020-11-06 source release; later amendments not reconciled; machine-extracted, not independently legally reviewed; source heading status: text_in_historical_source. A text match is a research starting point; applicability is not established.
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Record provenance
Stable record: arkansas_code:legal_authorities:4-26-1109
Source file: gov.ar.code.title.04.odt
Pages: Not recorded – Not recorded
Passage SHA-256: 390d2d9b50e061745dbcd32e88d7f76b9ba97cc08c474a79024c6c9117f6f3d0
Source location: content.xml paragraph 15201
Stored source content
4-26-1109. Deposit with Treasurer of State of amount due certain creditors or shareholders.
Upon the liquidation of a corporation, whether before or after dissolution, the portion of the assets distributable to a creditor or shareholder who is unknown or cannot be found or who is under disability, and there is no person legally competent to receive such distributive portion, shall be reduced to cash and deposited with the Treasurer of State and shall be paid over to the creditor or shareholder or to his or her legal representative upon proof satisfactory to the Treasurer of State of his or her right thereto.
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