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Alabama · Through Act 2026-611

Ala. Code § 10A-2A-14.20: Deposit with State Treasurer.

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Where this section sits in the code
  1. Title 10A Alabama Business and Nonprofit Entities Code.
  2. Chapter 2A Alabama Business Corporation Law.
  3. Article 14 Dissolution.
  4. Division C Miscellaneous.

Assets of a dissolved corporation that should be transferred to a creditor, claimant, or stockholder of the corporation who cannot be found or who is not competent to receive them shall be reduced to cash and deposited with the State Treasurer or other appropriate state official for safekeeping. When the creditor, claimant, or stockholder furnishes satisfactory proof of entitlement to the amount deposited, the State Treasurer or other appropriate state official shall pay that person or his or her representative that amount.

Collected 2026-09-03T14:01:53Z. Source file · JSON

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