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| 3.__Claim barred.__A claim against a dissolved limited partnership | | is barred if the requirements of subsection 2 are met and: |
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| | | A.__The claim is not received by the specified deadline; or |
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| | | 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. |
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| | | 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. |
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| | | §1397.__Other claims against dissolved limited partnership |
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| | | 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. |
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| | | 2.__Notice requirements.__The notice must: |
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| | | 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; |
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| | | B.__Describe the information required to be contained in a | | claim and provide a mailing address to which the claim is to | | be sent; |
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| | | 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 |
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| | | 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. |
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| | | 3.__Claimants barred.__If a dissolved limited partnership | | publishes a notice in accordance with subsection 2, the claim of |
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