Article 488 — Deposit of Amount Uncollected

Where a shareholder has not collected the percentage of the surplus assets due to him within three months from the deposit of the balance sheet and auditor’s report mentioned in Sub-Article (3) of Article 486 of this Code with the appropriate government authority, the liquidators shall deposit such sum in a special account in a bank indicating the name of the shareholder or the serial numbers of the shares, if they are to bearer.