State Codes and Statutes
Statutes > North-carolina > Chapter_55A > GS_55A-14-09§55A‑14‑09. Enforcement of claims.
(a) A claim under G.S.55A‑14‑07 or G.S. 55A‑14‑08 may be enforced:
(1) Against thedissolved corporation, to the extent of its undistributed assets, includingcoverage under any applicable insurance policy, or
(2) If the assets havebeen distributed in liquidation, against any person, other than a creditor ofthe corporation, to whom the corporation distributed its property to the extentof the distributee's pro rata share of the claim or the corporate assetsdistributed to such person in liquidation, whichever is less, but thedistributee's total liability for all claims under this section shall notexceed the total amount of assets distributed to the distributee.
(b) Nothing in G.S. 55A‑14‑07or G.S. 55A‑14‑08 shall extend any applicable period of limitation.(1985 (Reg. Sess., 1986), c. 801, s. 33; 1993, c. 398, s. 1.)
