Section 345.36 Property of Business Associations and Banking or Financial Organizations Held in Course of Dissolution

345.36 PROPERTY OF BUSINESS ASSOCIATIONS AND BANKING OR FINANCIAL ORGANIZATIONS HELD IN COURSE OF DISSOLUTION.

All intangible personal property distributable in the course of a voluntary dissolution of a business association, banking organization or financial organization organized under the laws of or created in this state, that is unclaimed by the owner within six months after the date for final distribution, is presumed abandoned.

History:

1969 c 725 s 6; 1992 c 513 art 3 s 65