A claim against a dissolved limited liability company that is not barred under ORS 63.641 or 63.644 may be enforced:
(1) Against the dissolved limited liability company to the extent of its undistributed assets; or
(2) If the assets have been distributed in liquidation, against each member of the dissolved limited liability company for the amount by which such member’s liquidation distributions would have been reduced if the claim had been paid by the limited liability company. A member’s total liability for all claims under this section may not exceed the total value of assets distributed to the member, as of the date or dates of distribution, less any liability of the limited liability company paid on behalf of the limited liability company by that member after the date of the distribution. [1993 c.173 §58]
(Administrative Dissolution)
Section: Previous 63.621 63.625 63.629 63.631 63.637 63.641 63.644 63.645 63.647 63.651 63.654 63.657 63.661 63.664 63.671 NextLast modified: August 7, 2008