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 for whom there is no person legally competent to receive the distributive portion, shall be reduced to cash and deposited with the general treasurer and shall be paid over to the person or to that person’s legal representative upon satisfactory proof to the general treasurer of that person’s right to the cash.
R.I. Gen. Laws § 7-6-67
Deposits with general treasurer
Known as the Rhode Island Nonprofit Corporation Act
The act spans §§ 7–7 (116 sections).
P.L. 1984, ch. 380, § 1; P.L. 1984, ch. 444, § 1.
Official source: Rhode Island General Assembly. Reproduced from public-domain Rhode Island statutes; confirm against the official source for the current text. Not legal advice.