556.6  Property of business associations and banking or financial organizations held in course of dissolution.

Except as provided in section 490.1440, all intangible personal property distributable in the course of a voluntary dissolution of a business association, banking organization, or financial organization organized under the laws of or created in this state, that is unclaimed by the owner within one year after the date for final distribution, is presumed abandoned.

Section History: Early form

  [C71, 73, 75, 77, 79, 81, § 556.6]

Section History: Recent form

  84 Acts, ch 1295, § 10; 90 Acts, ch 1205, § 59

Internal References

  Referred to in § 556.10

Previous Section 556.5

Next Section 556.7

Return To Home index

© 2001 Cornell College and League of Women Voters of Iowa

Comments about this site or page? webmaster@legis.iowa.gov.
Please remember that the person listed above does not vote on bills. Direct all comments concerning legislation to State Legislators.

Last update: Mon Jan 22 17:13:42 CST 2001
URL: /DOCS/IACODE/2001/556/6.html
jhf