§ 8715 Corporate Asset Return Conditions

• •If a company has stuff (like money or property) that it was supposed to give back or transfer to someone else when certain things happen, they have to do it.
• •The company must follow the rules in Section 8713 first before giving back or transferring the stuff.
• •Once the agreed time or condition is met (like a deadline or a specific event), the company must return or transfer the stuff as promised.

A company holds $10,000 for a local school and promises to give it back when the school builds a new playground.

Once the school finishes building the playground, the company must give the $10,000 back to the school as they agreed.