Part 14 — Winding-up, Liquidation and Dissolution of Cooperatives Division 1 Receivers and Receiver-Managers
328 Unknown claimants
portion of the property to be distributed to a creditor, member or
investment 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, member or investment
shareholder.
(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.
2001 cC-28.1 s328;2007 cU-1.5 s70