§428-807  Known claims against dissolved
limited liability company.  (a)  A dissolved limited liability company may
dispose of the known claims against it by following the procedure described in
this section.



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



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



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



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



(4)  State that the claim will be barred if not
received by the deadline.



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



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



(2)  In the case of a claim that is timely received
but rejected by the dissolved company, the claimant does not commence a proceeding
to enforce the claim within ninety days after the receipt of the notice of the
rejection.



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