Title 14, Chapter 11, Section 607
( 14-11-607)
(a) A dissolved limited liability company that has filed a statement
of commencement of winding up may dispose of the known claims
against it by following the procedures described in this Code
section. (b) The dissolved limited liability company may notify its known
claimants in writing of the winding up proceedings at any time after
the filing of the statement of commencement of winding up. The
written notice must: (1) Describe information that the limited liability company
determines must be included in a claim; (2) Provide a mailing address where a claim may be sent; (3) State the deadline, which may not be less than six months from
the date of mailing of the written notice, by which the dissolved
limited liability company must receive the claim; (4) State that the claim will be barred if not received by the
deadline; and (5) State that the limited liability company will give notice of
acceptance or rejection of all claims that are received in timely
fashion within six months after the deadline for receipt of
claims. (c) A claim against a dissolved limited liability company is barred: (1) If a claimant who was given written notice under subsection
(b) of this Code section does not deliver the claim to the
dissolved limited liability company by the deadline; or (2) If a claimant whose claim was rejected by the dissolved
limited liability company does not commence a proceeding to
enforce the claim within one year from the date of mailing of the
rejection notice. (d) For purposes of this Code section, the term "claim" does not
include a contingent liability or a claim based on an event
occurring after the filing of the statement of commencement of
winding up. |