\n(a) A dissolved corporation may also publish notice of its dissolution and request that persons with claims against the corporation present them in accordance with the notice.\n(b) The notice shall:\n(1) Be published one time in a newspaper of general circulation in the county where the dissolved corporation's principal office (or, if there is none in this State, its registered office) is or was last located;\n(2) Describe the information that shall be included in a claim and provide a mailing address where the claim may be sent; and\n(3) State that a claim against the corporation will be barred unless a proceeding to enforce the claim is commenced within five years after the publication of the notice.\n(c) If the dissolved corporation publishes a newspaper notice in accordance with subsection (b) of this section, the claim of each of the following claimants is barred unless the claimant commences a proceeding to enforce the claim against the dissolved corporation within five years after the publication date of the newspaper notice:\n(1) A claimant who did not receive written notice under G.S. a proceeding to enforce the claim against the dissolved corporation within five years after the publication date of the newspaper notice:\n(1) A claimant who did not receive written notice under G.S. 55A-14-07;\n(2) A claimant whose claim was timely sent to the dissolved corporation but not acted on;\n(3) A claimant whose claim is contingent or based on an event occurring after the effective date of dissolution.\n(d) Nothing in this section shall bar:\n(1) Any claim alleging the liability of the corporation; or\n(2) Any proceeding or action to establish the liability of the corporation; or\n(3) The recovery on any judgment against the corporation\nto the extent that the corporation is protected by insurance coverage with respect to such claim, proceeding, or judgment. (1955, c. 1230; 1973, c. 314, s. 5; 1985 (Reg. Sess., 1986), c. 801, s. 41; 1993, c. 398, s. 1.)
North Carolina Legal Code