Kentucky Statutes 273.353 – Deposits with State Treasurer
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Upon the voluntary or involuntary dissolution of a corporation, the portion of the assets distributable to any person who is unknown or cannot be found, or who is under disability and there is no person legally competent to receive such distributive portion, shall be reduced to cash and deposited with the State Treasurer and shall be paid over to such person or to his legal representative upon proof satisfactory to the State Treasurer of his right thereto.
History: Created 1968 Ky. Acts ch. 165, sec. 60.
History: Created 1968 Ky. Acts ch. 165, sec. 60.
Terms Used In Kentucky Statutes 273.353
- Assets: (1) The property comprising the estate of a deceased person, or (2) the property in a trust account.
- State: when applied to a part of the United States, includes territories, outlying possessions, and the District of Columbia. See Kentucky Statutes 446.010