47-1A-1406.1. Bar on known claims against dissolved corporation.
65 words·~1 min read·
/sd/title-47/chapter-47-1/47-1a-1406-1·A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
A claim against the dissolved corporation is barred:
(1)If a claimant who was given written notice under § 47-1A-1406 does not deliver the claim to the dissolved corporation by the deadline; or
(2)If a claimant whose claim was rejected by the dissolved corporation does not commence a proceeding to enforce the claim within ninety days from the effective date of the rejection notice.