Alaska Statutes: AS 10.20.445. Deposit With Commissioner of Amount Due Creditors or Members.

Alaska Statutes. Title 10. Corporations and Associations Chapter 20. Alaska Nonprofit Corporation Act Section 445. Deposit With Commissioner of Amount Due Creditors or Members.

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AS 10.20.445. Deposit With Commissioner of Amount Due Creditors or Members.

Upon the voluntary or involuntary dissolution of a corporation, the portion of the assets distributable to a creditor or member who is unknown or cannot be found, or who is under disability and there is no legally competent person to receive the distributive portion, shall be reduced to cash and deposited with the commissioner and shall be paid over to the creditor or member or the legal representative of the creditor or member upon proof satisfactory to the commissioner of a right to it.

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