§ 23-18-9-10 — Claimants not found or incompetent to receive assets; deposits for safekeeping; disbursement upon proof of entitlement

Indiana § 23-18-9-10

• Jurisdiction: Indiana
• Title 23: BUSINESS AND OTHER ASSOCIATIONS
• Art. 18: LIMITED LIABILITY COMPANIES
• Ch. 9: Voluntary Dissolution

Text

Assets of a dissolved limited liability
company that should be transferred to a creditor, claimant, or member
of the limited liability company who cannot be found or who is not
competent to receive the assets must be reduced to cash and deposited
with the treasurer of state or other appropriate state official for
safekeeping. When the creditor, claimant, or member furnishes
satisfactory proof of entitlement to the amount deposited, the treasurer
of state or other appropriate state official must pay to the creditor,
claimant, or member or a representative of the creditor, claimant, or
member that amount.

Legislative History

As added by P.L.8-1993, SEC.301.