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Current as of January 01, 2025 | Updated by Findlaw Staff
Following its dissolution, the assets of a corporation that should be transferred to a creditor, claimant, or shareholder of the corporation who cannot be found or who is not competent to receive them may be reduced to cash and deposited with the state treasurer for safekeeping. If assets are transferred to the state treasurer, and if the creditor, claimant, or shareholder furnishes satisfactory proof of entitlement to the amount deposited, the state treasurer or other appropriate state official shall pay such person or such person's representative that amount.
Cite this article: FindLaw.com - Washington Revised Code Title 23B. Washington Business Corporation Act § 23B.14.400. Deposit with state treasurer - last updated January 01, 2025 | https://codes.findlaw.com/wa/title-23b-washington-business-corporation-act/wa-rev-code-23b-14-400/
FindLaw Codes may not reflect the most recent version of the law in your jurisdiction. Please verify the status of the code you are researching with the state legislature before relying on it for your legal needs.
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