§414-386 - Known claims against dissolved corporation.

§414-386  Known claims against dissolved
corporation.  (a)  A dissolved corporation may dispose of the known claims
against it by following the procedure described in this section.

(b)  The dissolved corporation shall notify its
known claimants in writing of the dissolution at any time after its effective
date.  The written notice must:

(1)  Describe information that must be included in a
claim;

(2)  Provide a mailing address where a claim may be
sent;

(3)  State the deadline, which may not be fewer than one
hundred twenty days from the effective date of the written notice, by which the
dissolved corporation must receive the claim; and

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

(c)  A claim against the dissolved corporation is
barred:

(1)  If a claimant who was given written notice under
subsection (b) does not deliver the claim to the dissolved corporation by the
deadline;

(2)  If a claimant whose claim was rejected by the
dissolved corporation does not commence a proceeding to enforce the claim
within ninety days from the effective date of the rejection notice.

(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 2000, c 244, pt
of §1; am L 2001, c 129, §41]