§ 57C-6-07. Known claims against dissolved limited liability company.
§57C‑6‑07. Known claims against dissolved limited liabilitycompany.
(a) A dissolved limitedliability company may dispose of the known claims against it by following theprocedure described in this section.
(b) The dissolvedlimited liability company shall notify its known claimants in writing of thedissolution at any time after it has filed its articles of dissolution. Thewritten notice must:
(1) Describe informationthat must be included in a claim;
(2) Provide a mailingaddress where claims may be sent;
(3) State the deadline,which may not be fewer than 120 days from the date of the written notice, bywhich the dissolved limited liability company must receive the claim; and
(4) State that the claimwill be barred if not received by the deadline.
(c) A claim against thedissolved limited liability company is barred:
(1) If the limitedliability company does not receive the claim by the deadline from a claimantwho received written notice under subsection (b) of this section; or
(2) If a claimant whoseclaim was rejected by written notice from the dissolved limited liabilitycompany does not commence a proceeding to enforce the claim within 90 days fromthe date of receipt of the rejection notice.
(d) For purposes ofthis section, "claim" does not include a contingent liability or aclaim based on an event occurring after the filing of the articles ofdissolution. (1993, c. 354, s. 1.)