Utah Statutes

§ 16-6a-1419 — Deposit with state treasurer.

Utah·Title 16 Corporations·Ch. 16-6a Utah Revised Nonprofit Corporation Act·Part 16-6a-14 Dissolution

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.

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Legislative History

Amended by Chapter 378, 2010 General Session

Nearby Sections

15
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