The Florida Senate

607.14401  Deposit with Department of Banking and Finance.--Assets of a dissolved 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 shall be deposited, within 6 months from the date fixed for the payment of the final liquidating distribution, with the Department of Banking and Finance, where such assets shall be held as abandoned property. When the creditor, claimant, or shareholder furnishes satisfactory proof of entitlement to the amount or assets deposited, the Department of Banking and Finance shall pay the creditor, claimant, or shareholder or his or her representative that amount or those assets.

History.--s. 135, ch. 89-154; s. 159, ch. 90-179; s. 37, ch. 97-102.

Note.--Former s. 607.1440.