[§425E-806]  Known claims againstdissolved limited partnership.  (a)  A dissolved limitedpartnership may dispose of the known claims against it by following theprocedure described in subsection (b).

(b)  A dissolved limited partnership may notifyits known claimants of the dissolution in a record.  The notice shall:

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

(2)  Provide a mailing address to which the claim isto be sent;

(3)  State the deadline for receipt of the claim, thatmay not be less than one hundred twenty days after the date the notice isreceived by the claimant;

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

(5)  Unless the limited partnership has beenthroughout its existence a limited liability limited partnership, state thatthe barring of a claim against the limited partnership will also bar anycorresponding claim against any general partner or person dissociated as ageneral partner that is based on section 425E-404.

(c)  A claim against a dissolved limitedpartnership shall be 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 limited partnership, the claimant does notcommence an action to enforce the claim against the limited partnership withinninety days after the receipt of the notice of the rejection.

(d)  This section shall not apply to a claimbased on an event occurring after the effective date of dissolution or aliability that is contingent on that date. [L 2003, c 210, pt of §1]