§ 31 §1396 — Known claims against dissolved limited partnership

1.
Dispose of known claims.
A dissolved limited partnership may dispose of the known claims against it by following the procedure described in subsection 2.
2.
Notice of dissolution.
A dissolved limited partnership may notify its known claimants of the dissolution in a record. The notice must:
3.
Claim barred.
A claim against a dissolved limited partnership is barred if the requirements of subsection 2 are met and:
4.
Claims or liability after dissolution.
This section does not apply to a claim based on an event occurring after the effective date of dissolution or a liability that is contingent on that date.

Legislative History

PL 2005, c. 543, §C2 (NEW).