§428-807  Known claims against dissolvedlimited liability company.  (a)  A dissolved limited liability company maydispose of the known claims against it by following the procedure described inthis section.

(b)  A dissolved limited liability company shallnotify its known claimants in writing of the intent to terminate.  The noticeshall:

(1)  Specify the information required to be includedin a claim;

(2)  Provide a mailing address where the claim is tobe sent;

(3)  State the deadline for receipt of the claim,which may not be less than one hundred twenty days after the date the writtennotice is received by the claimant; and

(4)  State that the claim will be barred if notreceived by the deadline.

(c)  A claim against a dissolved limitedliability company is barred if the requirements of subsection (b) are met, and:

(1)  The claim is not received by the specifieddeadline; or

(2)  In the case of a claim that is timely receivedbut rejected by the dissolved company, the claimant does not commence a proceedingto enforce the claim within ninety days after the receipt of the notice of therejection.

(d)  For purposes of this section,"claim" does not include a contingent liability or a claim based onan event occurring after the effective date of dissolution. [L 1996, c92, pt of §1; am L 2000, c 219, §75]