Massachusetts § 14.40 Deposit with treasurer of the commonwealth

Massachusetts Statutes

§ 14.40 — Deposit with treasurer of the commonwealth

Massachusetts § 14.40

Part IADMINISTRATION OF THE GOVERNMENT

Title XXIICORPORATIONS

Ch. 156DBUSINESS CORPORATIONS

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Bluebook

Mass. Gen. Laws ch. 156D, § 14.40 (2026).

Text

Section 14.40. DEPOSIT WITH TREASURER OF THE COMMONWEALTHAssets 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 treasurer of the commonwealth or other appropriate official of the commonwealth for safekeeping. When the creditor, claimant, or shareholder furnishes satisfactory proof of entitlement to the amount deposited, the treasurer or other appropriate official of the commonwealth shall pay him or his representative that amount.

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Section 14.40. DEPOSIT WITH TREASURER OF THE COMMONWEALTHAssets 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 treasurer of the commonwealth or other appropriate official of the commonwealth for safekeeping. When the creditor, claimant, or shareholder furnishes satisfactory proof of entitlement to the amount deposited, the treasurer or other appropriate official of the commonwealth shall pay him or his representative that amount.