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Utah Code § 16-6a-1419

Deposit with state treasurer

Amended by Chapter 378, 2010 General Session

Assets of a dissolved nonprofit corporation that are to be transferred to a creditor, claimant, or member of the nonprofit corporation shall be reduced to cash and deposited with the state treasurer in accordance with Title 67, Chapter 4a, Revised Uniform Unclaimed Property Act, if the creditor, claimant, or member:

(1) cannot be found; or

(2) is not legally competent to receive the assets.

Official source: Utah State Legislature. Reproduced from public-domain Utah statutes; confirm against the official source for the current text. Not legal advice.