Hometime

Hometime · Alberta legislation

RTA Residential Tenancies Act

RTA · Business Corporations Act

Part 17 — Liquidation and Dissolution

228 Unknown claimants

Current to 2023-12-07 · Official PDF

(1) On the dissolution of a body corporate under this Act, the
portion of the property distributable to a creditor or shareholder
who cannot be found must be converted into money and paid to the
Minister responsible for the Unclaimed Personal Property and
Vested Property Act.
(2) A payment under subsection (1) is deemed to be in satisfaction
of a debt or claim of the creditor or shareholder.
RSA 2000

(3) A person who asserts an entitlement to any money paid to the
Minister responsible for the Unclaimed Personal Property and
Vested Property Act must submit a claim in accordance with that
Act.
RSA 2000 cB-9 s228;2005 c8 s53;2007 cU-1.5 s68