| | |
each of the following claimants is barred unless the claimant | | commences an action to enforce the claim against the dissolved | | limited partnership within 5 years after the publication date of | | the notice: |
|
| | | A.__A claimant that did not receive notice in a record under | | section 1396; |
|
| | | B.__A claimant whose claim was timely sent to the dissolved | | limited partnership 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.__Enforcement of claims.__A claim not barred under this | | section may be enforced: |
|
| | | A.__Against the dissolved limited partnership, to the extent | | of its undistributed assets; |
|
| | | B.__If the assets have been distributed in liquidation, | | against a partner or transferee to the extent of that | | person's proportionate share of the claim or the limited | | partnership's assets distributed to the partner or | | transferee in liquidation, whichever is less, but a person's | | total liability for all claims under this paragraph does not | | exceed the total amount of assets distributed to the person | | as part of the winding up of the dissolved limited | | partnership; or |
|
| | | C.__Against any person liable on the claim under section | | 1354. |
|
| | | §1398.__Liability of general partner and person dissociated as |
|
| | | general partner when claim against limited partnership |
|
| | | If a claim against a dissolved limited partnership is barred | | under section 1396 or 1397, any corresponding claim under section | | 1354 is also barred. |
|
| | | §1399.__Administrative dissolution of domestic limited | | partnership |
|
| | | 1.__Grounds for administrative dissolution.__Notwithstanding | | Title 4, chapter 5 and Title 5, chapter 375, the Secretary of | | State may commence a proceeding under subsection 2 to | | administratively dissolve a domestic limited partnership if: |
|
|
