LD 1609
pg. 106
Page 105 of 146 PUBLIC Law Chapter 543 Page 107 of 146
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LR 1469
Item 1

 
3.__Claim barred.__A claim against a dissolved limited partnership
is barred if the requirements of subsection 2 are met and:

 
A.__The claim is not received by the specified deadline; or

 
B.__In the case of a claim that is timely received but
rejected by the dissolved limited partnership, the claimant
does not commence an action to enforce the claim against the
limited partnership within 90 days after the receipt of the
notice of the rejection.

 
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.

 
§1397.__Other claims against dissolved limited partnership

 
1.__Notice of dissolution; claims.__A dissolved limited
partnership may publish notice of its dissolution and request
persons having claims against the limited partnership to present
them in accordance with the notice.

 
2.__Notice requirements.__The notice must:

 
A.__Be published at least once in a newspaper of general
circulation in the county in which the dissolved limited
partnership's principal office is located or, if it has none
in this State, in the county in which the limited
partnership's designated office is or was last located;

 
B.__Describe the information required to be contained in a
claim and provide a mailing address to which the claim is to
be sent;

 
C.__State that a claim against the limited partnership is
barred unless an action to enforce the claim is commenced
within 5 years after publication of the notice; and

 
D.__Unless the limited partnership has been throughout its
existence a limited liability limited partnership, state
that the barring of a claim against the limited partnership
will also bar any corresponding claim against any general
partner or person dissociated as a general partner that is
based on section 1354.

 
3.__Claimants barred.__If a dissolved limited partnership
publishes a notice in accordance with subsection 2, the claim of


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