Unknown claims against dissolved limited liability company
(1)A dissolved limited liability company which has filed articles of dissolution in accordance with ORS 63.631 (Articles of dissolution) may also publish notice of its dissolution and request that persons with claims against the limited liability company present them in accordance with the notice.
(2)The notice must:
(a)Be published one time in a newspaper of general circulation in the county where the dissolved limited liability company’s principal office is located or, if the principal office is not in this state, where its registered office is or was last located;
(b)Describe the information that must be included in a claim and provide a mailing address where the claim may be sent; and
(c)State that a claim against the limited liability company will be barred unless a proceeding to enforce the claim is commenced within five years after the publication of the notice.
(3)If the dissolved limited liability company publishes a newspaper notice in accordance with subsection (2) of this section, the claim of each of the following claimants is barred unless the claimant commences a proceeding to enforce the claim against the dissolved limited liability company within five years after the publication date of the newspaper notice:
(a)A claimant who did not receive written notice under ORS 63.641 (Known claims against dissolved limited liability company);
(b)A claimant whose claim was sent in a timely manner to the dissolved limited liability company but not acted on; or
(c)A claimant whose claim is contingent or based on an event occurring after the effective date of dissolution. [1993 c.173 §57]
Law Review Citations
30 WLR 291 (1994); 73 OLR 5, 25, 43, 133, 151 (1994)