Guam § 141116 - Disposition of Unpaid or Unclaimed Dividends and of

§ 141116. Disposition of Unpaid or Unclaimed Dividends and of

Records.

In making its order approving the commissioner’s final statement of

the liquidation of an association, the court shall determine the amounts of

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the liquidating dividends to which claimants and investors are entitled

but which then remain unpaid or unclaimed in the hands of the

commissioner. The order of the court shall direct the commissioner to

deposit such amounts with the Treasurer of Guam, and all amounts so

deposited shall be deemed to be deposited in the Treasury of Guam under

the provisions of Chapter 24, Title 7, Guam Code Annotated, and shall

be subject to claim or other disposition as provided in said Title 10.

The order of the court approving the final statement shall provide

for the destruction or other disposition of the books and records of the

association or pertaining to the liquidation of the association, and the

court may declare the association dissolved as a corporation.