Section 13-4-703 – Unclaimed Dividends and Deposits.
13-4-703. Unclaimed dividends and deposits. (a) Dividends and deposits remaining in the hands of the state banking commissioner six (6) months after the order for final distribution shall be deposited with the state treasurer who shall hold the dividends in a separate account. The state banking commissioner may order the money to be paid to […]
Section 13-4-701 – Payment of Stockholders.
13-4-701. Payment of stockholders. (a) If the state banking commissioner has paid the full amount of the claim to each depositor and creditor of the bank whose claims have been allowed, has made provision for unpaid deposits and has paid all the expenses of the liquidation, he shall call a meeting of the stockholders of […]
Section 13-4-702 – Assets Discovered After Liquidation.
13-4-702. Assets discovered after liquidation. If assets are discovered after the liquidation proceeding has closed and in the opinion of the state banking commissioner the cost of distributing the assets would prevent the payment of a dividend exceeding one-half of one percent (0.5%), the assets shall be converted into money and paid to the commissioner.