(a) A dissolved LLC for which articles of dissolution, a certificate of dissolution, or a decree of dissolution filed by the Secretary of State has become effective may dispose of known claims against it by notifying claimants in writing of the dissolution. The notice must do the following:
(1) Describe information that must be included in a claim.
(2) Provide an address where claims may be sent.
(3) State the deadline, which may not be fewer than 120 days from the date of the notice, by which the dissolved LLC must receive the claim.
(4) State that the claim will be barred if not received by the deadline.
(b) A claim against the dissolved LLC is barred if either of the following occurs:
(1) The LLC does not receive the claim by the deadline from a claimant who received notice under subsection (a) of this section.
(2) A claimant whose claim was rejected by written notice from the dissolved LLC does not commence a proceeding in a proper forum to enforce the claim within 90 days from the date of receipt of the rejection notice.
(c) For purposes of this section, "claim" does not include a contingent liability or a claim based on an event occurring after dissolution. (2013-157, s. 2.)
Last modified: March 23, 2014