§ 13-4-703 — Unclaimed dividends and deposits

Wyoming § 13-4-703

• Jurisdiction: Wyoming
• Title 13: Banks, Banking and Finance
• Ch. 4: REORGANIZATION OF BANKS
• Art. 7: COMPLETION OF LIQUIDATION

Text

(a) Dividends and deposits remaining in the hands of the
state banking commissioner six (6) months after the order for
final distribution shall be deposited with the state treasurer
who shall hold the dividends in a separate account. The state
banking commissioner may order the money to be paid to the
persons entitled thereto upon satisfactory evidence of their
right. In case of doubt he may apply to the court for an order
directing the payment. He may apply any interest earned by the
money toward defraying the expenses of distribution of the
unclaimed deposits or dividends to the depositors and creditors
entitled to receive it.
(b) Dividends remaining in the hands of any receiver other
than the state banking commissioner or in any account
established pursuant to this subsection and unclaimed for five
(5) years after the order for final distribution shall escheat
to the state as provided by law.