§ 17-16-1406 — Known claims against dissolved corporation

Wyoming § 17-16-1406

• Jurisdiction: Wyoming
• Title 17: Corporations, Partnerships and Associations
• Ch. 16: WYOMING BUSINESS CORPORATION ACT
• Art. 14: DISSOLUTION

Text

(a) A dissolved corporation may dispose of the known
claims against it by notifying its known claimants in writing of
the dissolution at any time after its effective date.
(b) The written notice shall:
(i) Describe information that shall be included in a
claim;
(ii) Provide a mailing address where a claim may be
sent;
(iii) State the deadline, which may not be fewer than
one hundred twenty (120) days from the effective date of the
written notice, by which the dissolved corporation shall receive
the claim; and
(iv) State that the claim will be barred if not
received by the deadline.
(c) A claim against the dissolved corporation is barred:
(i) If a claimant who was given written notice under
subsection (b) of this section does not deliver the claim to the
dissolved corporation by the deadline; or
(ii) If a claimant whose claim was rejected by the
dissolved corporation does not commence a proceeding to enforce
the claim within ninety (90) days from the effective date of the
rejection notice.
(d) For purposes of this section, "claim" does not include
a contingent liability or a claim based on an event occurring
after the effective date of dissolution.
(e) A claim that is not barred by this section may be
enforced in accordance with W.S. 17-16-1407(d).