ORS 60.645
Enforcement of claims against dissolved corporation
(1)
Against the dissolved corporation to the extent of the dissolved corporation’s undistributed assets, including, without limitation, any insurance assets held by or for the benefit of the dissolved corporation that are available to satisfy the claim; or(2)
If the assets have been distributed in liquidation, against the shareholder of the dissolved corporation to the extent of the shareholder’s pro rata share of the claim or the corporate assets distributed to the shareholder in liquidation, whichever is less. A shareholder’s total liability for all claims under this section may not exceed the total value of assets distributed to the shareholder, as of the date or dates of distribution, less any liability of the corporation paid on behalf of the corporation by that shareholder after the date of the distribution. [1991 c.883 §16; 2021 c.221 §2](2)
The amendments to ORS 60.644 (Unknown claims against dissolved corporation), 60.645 (Enforcement of claims against dissolved corporation), 63.644 (Unknown claims against dissolved limited liability company) and 63.645 (Enforcement of claims against dissolved limited liability company) by sections 1 to 4 of this 2021 Act revive and allow claims that might have become barred by the time limitations set forth in chapter 361, General Laws of Oregon 1917, in chapter 340, General Laws of Oregon 1927, in chapter 40, Oregon Laws 1937, in chapter 404, Oregon Laws 1939, in section 11, chapter 462, Oregon Laws 1941, in section 1, chapter 134, Oregon Laws 1947, or in ORS 57.630 (1985 Replacement Part), 60.644 (Unknown claims against dissolved corporation) (3) or 63.644 (Unknown claims against dissolved limited liability company) (3). [2021 c.221 §5]
Source:
Section 60.645 — Enforcement of claims against dissolved corporation, https://www.oregonlegislature.gov/bills_laws/ors/ors060.html.
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