Alabama § 10A-3-7.17 - Deposits with State Treasurer.
Full text of Alabama Code of Alabama § 10A-3-7.17 — Deposits with State Treasurer., with citation guidance and answers to common questions.
§ 10A-3-7.17. Deposits with State Treasurer.
Upon the voluntary or involuntary dissolution of a nonprofit 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 the distributive portion, shall be reduced to cash and deposited with the State Treasurer and shall be paid over to the person or to his or her legal representative upon satisfactory proof to the State Treasurer of his or her right thereto. The cash shall be held for the owner by the State Treasurer for three years and any cash which remains unclaimed by the owner after three years shall be presumed abandoned and subject to the Uniform Disposition of Unclaimed Property Act.
Source: official Alabama text · Last verified 2026-08-27
Frequently Asked Questions About Alabama § 10A-3-7.17
What does Code of Alabama § 10A-3-7.17 cover?
Section 10A-3-7.17 ("Deposits with State Treasurer.") is part of the Code of Alabama, the codified statutory law of Alabama. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite Alabama § 10A-3-7.17?
A common citation format is "Code of Alabama § 10A-3-7.17" (Alabama). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of Alabama law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Alabama official source linked on this page or consult a licensed Alabama attorney.
How does Alabama § 10A-3-7.17 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Alabama can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in Alabama.