183.0909 Enforcing claims. - Wisconsin Statutes

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183.0909

183.0909 Enforcing claims. A claim not barred under s. 183.0907 or 183.0908 may be enforced under this section against any of the following:

183.0909(1)

(1) The dissolved limited liability company, to the extent of its undistributed assets.

183.0909(2)

(2) If the dissolved limited liability company's assets have been distributed in liquidation, a member of the limited liability company to the extent of the member's proportionate share of the claim or to the extent of the assets of the limited liability company distributed to the member in liquidation, whichever is less, but a member's total liability for all claims under this section may not exceed the total value of assets distributed to the member in liquidation.

183.0909 - ANNOT.

History: 1995 a. 400.

State Codes and Statutes

Statutes > Wisconsin > 183 > 183.0909

183.0909

183.0909 Enforcing claims. A claim not barred under s. 183.0907 or 183.0908 may be enforced under this section against any of the following:

183.0909(1)

(1) The dissolved limited liability company, to the extent of its undistributed assets.

183.0909(2)

(2) If the dissolved limited liability company's assets have been distributed in liquidation, a member of the limited liability company to the extent of the member's proportionate share of the claim or to the extent of the assets of the limited liability company distributed to the member in liquidation, whichever is less, but a member's total liability for all claims under this section may not exceed the total value of assets distributed to the member in liquidation.

183.0909 - ANNOT.

History: 1995 a. 400.

State Codes and Statutes

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State Codes and Statutes

Statutes > Wisconsin > 183 > 183.0909

183.0909

183.0909 Enforcing claims. A claim not barred under s. 183.0907 or 183.0908 may be enforced under this section against any of the following:

183.0909(1)

(1) The dissolved limited liability company, to the extent of its undistributed assets.

183.0909(2)

(2) If the dissolved limited liability company's assets have been distributed in liquidation, a member of the limited liability company to the extent of the member's proportionate share of the claim or to the extent of the assets of the limited liability company distributed to the member in liquidation, whichever is less, but a member's total liability for all claims under this section may not exceed the total value of assets distributed to the member in liquidation.

183.0909 - ANNOT.

History: 1995 a. 400.