Skip to main content
CourtGPT logoCourtGPT
Directory
Law
For Attorneys
Blog
AppointmentsSign InSign Up
§ 31b-8-807 — West Virginia Law | CourtGPT
  1. Home/
  2. Laws/
  3. West Virginia/
  4. Chapter 31b - Uniform Limited Liability Company Act/
  5. Article 8 - Winding Up Company's Business§31b-8-801. Events Causing Dissolution and Winding Up of Company's Business/
  6. § 31b-8-807
West Virginia Legal Code

§ 31b-8-807

Ask AI about this
(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 dissolution. The notice must:(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) of this section 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.