Indiana § 23-1-48-1 - Deposit of assets; payment to claimant
Full text of Indiana Indiana Code § 23-1-48-1 — Deposit of assets; payment to claimant, with citation guidance and answers to common questions.
§ 23-1-48-1. Deposit of assets; payment to claimant
Sec. 1. 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 reduced to cash and deposited with the state treasurer or other appropriate state official for safekeeping. When the creditor, claimant, or shareholder furnishes satisfactory proof of entitlement to the amount deposited, the state treasurer or other appropriate state official shall pay the creditor, claimant, or shareholder or a representative of the creditor, claimant, or shareholder that amount.
As added by P.L.149-1986, SEC.32.
IC 23-1-49Chapter 49. RepealedRepealed by P.L.118-2017, SEC.22.
IC 23-1-50Chapter 50. RepealedRepealed by P.L.118-2017, SEC.23.
IC 23-1-51Chapter 51. RepealedRepealed by P.L.118-2017, SEC.24.
IC 23-1-52Chapter 52. Records
23-1-52-1Required records 23-1-52-2Shareholder's right to inspect and copy records 23-1-52-3Inspection by agent or attorney; copies; costs; list of shareholders 23-1-52-4Court order for inspection and copying; costs; restrictions 23-1-52-5Use and distribution of information
Source: official Indiana text · Last verified 2026-08-27
Frequently Asked Questions About Indiana § 23-1-48-1
What does Indiana Code § 23-1-48-1 cover?
Section 23-1-48-1 ("Deposit of assets; payment to claimant") is part of the Indiana Code, the codified statutory law of Indiana. 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 Indiana § 23-1-48-1?
A common citation format is "Indiana Code § 23-1-48-1" (Indiana). 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 Indiana law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Indiana official source linked on this page or consult a licensed Indiana attorney.
How does Indiana § 23-1-48-1 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Indiana 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 Indiana.