Alabama § 10A-3A-11.24 - Deposit with State Treasurer.
Full text of Alabama Code of Alabama § 10A-3A-11.24 — Deposit with State Treasurer., with citation guidance and answers to common questions.
§ 10A-3A-11.24. Deposit with State Treasurer.
Assets of a dissolved nonprofit corporation that should be transferred to a creditor, claimant, or a person designated to receive the assets of the nonprofit corporation who cannot be found or who is not competent to receive them shall be reduced to cash and deposited with the State Treasurer or other appropriate state official for safekeeping. When the creditor, claimant, or person designated to receive the assets of the nonprofit corporation furnishes satisfactory proof of entitlement to the amount deposited, the State Treasurer or other appropriate state official shall pay that person or that person’s representative that amount.Source: official Alabama text · Last verified 2026-08-27
Frequently Asked Questions About Alabama § 10A-3A-11.24
What does Code of Alabama § 10A-3A-11.24 cover?
Section 10A-3A-11.24 ("Deposit 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-3A-11.24?
A common citation format is "Code of Alabama § 10A-3A-11.24" (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-3A-11.24 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.