06.15.060 Known Claims Against Dissolved Non-Profit Corporation.
(1) A dissolved non-profit corporation may dispose of the known claims against it by following the procedure described in this section.
(2) The dissolved non-profit corporation shall notify its known claimants in writing of the dissolution at any time after its effective date. The written notice must:
(A) Describe information that must be included in a claim;
(B) Provide a mailing address where a claim may be sent;
(C) State the deadline, which may not be fewer than 120 days from the effective date of the written notice, by which the dissolved non-profit corporation must receive the claim; and
(D) State that the claim will be barred if not received by the deadline.
(3) A claim against the dissolved non-profit corporation is barred:
(1) If a claimant who was given written notice under section (2) does not deliver the claim to the dissolved non-profit corporation by the deadline;
(2) If a claimant whose claim was rejected by the dissolved non-profit corporation does not commence a proceeding to enforce the claim within 90 days from the effective date of the rejection notice.
(4) 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.