1807

(a) A dissolved limited liability company may dispose of the known claims against it by following the procedure described in this section.\n(b) A dissolved limited liability company shall notify its known claimants in writing of the dissolution. The notice must:\n(1) specify the information required to be included in a claim;\n(2) provide a mailing address where the claim is to be sent;\n(3) state the deadline for receipt of the claim, which may not be less than 120 days after the date the written notice is received by the claimant; and\n(4) state that the claim will be barred if not received by the deadline.\n(c) A claim against a dissolved limited liability company is barred if the requirements of subsection (b) of this section are met, and:\n(1) the claim is not received by the specified deadline; or\n(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 90 days after the receipt of the notice of the rejection.\n(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.