LLC.1.7.060 Known Claims Against Dissolved LLC

(a) A dissolved LLC may notify its known claimants in writing of the dissolution and specify a procedure for making claims.

(b) A claim against the LLC is barred if:

(1) A claimant who was given written notice under Section LLC.1.7.060(a) above, does not deliver the claim, in writing, to the LLC by the deadline specified in the notice; or

(2) A claimant whose claim is rejected by the LLC does not commence a proceeding to enforce the claim within ninety (90) days after receipt of the rejection notice.