§ 2-706. Known claims against dissolved LLC.
This section is included in your selections.
A. A dissolved LLC may notify its known claimants in writing of the dissolution and specify a procedure for making claims.
B. A claim against the LLC is barred if:
1. A claimant who was given written notice under subsection (A) of this section, does not deliver the claim, in writing, to the LLC by the deadline specified in the notice; or
2. A claimant whose claim is rejected by the LLC does not commence a proceeding to enforce the claim within ninety (90) days after receipt of the rejection notice. ONCA 08-02, eff. June 13, 2008.