Section 271B.14-070 - Unknown claims against dissolved corporation(1) A dissolved corporation may also publish notice of its dissolution and request that persons with claims against the corporation present them in accordance with the notice.(2) The notice shall:(a) Be published one (1) time in a newspaper of general circulation in the county where the dissolved corporation's principal office (or, if none in this state, 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 corporation will be barred unless a proceeding to enforce the claim is commenced within two (2) years after the publication of the notice.(3) If the dissolved corporation publishes a newspaper notice in accordance with subsection (2) of this section, the claim of each of the following claimants shall be barred unless the claimant commences a proceeding to enforce the claim against the dissolved corporation within two (2) years after the publication date of the newspaper notice:(a) A claimant who did not receive written notice under KRS 271B.14-060;(b) A claimant whose claim was timely sent to the dissolved corporation but not acted on; and(c) A claimant whose claim is contingent or based on an event occurring after the effective date of dissolution.(4) A claim may be enforced under this section:(a) Against the dissolved corporation, to the extent of its undistributed assets; or(b) If the assets have been distributed in liquidation, against a shareholder of the dissolved corporation to the extent of his pro rata share of the claim or the corporate assets distributed to him in liquidation, whichever is less, but a shareholder's total liability for all claims under this section shall not exceed the total amount of assets distributed to him.Effective:1/1/1989
Created 1988 Ky. Acts ch. 23, sec. 143, effective1/1/1989.