183.0908 Unknown or contingent claims against dissolved limited liability company.

(1) At any time after the effective date of its articles of dissolution, a dissolved limited liability company may publish a notice of its dissolution under this section that requests that persons with claims, whether known or unknown, against the limited liability company or its members or managers, in their capacities as such, present the claims in accordance with the notice.

(2) The notice shall be published as a class 1 notice, under ch. 985, in a newspaper of general circulation in the county in which the limited liability company's principal office or, if none in this state, its registered office is located.

(2m) The notice shall include all of the following:

(a) A description of the information that must be included in a claim.

(b) A mailing address where the claim may be sent.

(c) A statement that a claim against the limited liability company or its members or managers will be barred unless a proceeding to enforce the claim is commenced within 2 years after the publication of the notice.

(3) If a dissolved limited liability company publishes a notice under sub. (2), the claim of any of the following claimants against the limited liability company or its members or managers is barred unless the claimant commences a proceeding to enforce the claim within 2 years after the date of the publication of the notice:

(a) A claimant who did not receive written notice under s. 183.0907.

(b) A claimant whose claim was timely sent to the limited liability company under the deadline in s. 183.0907 but was not acted on.

(c) A claimant whose claim is contingent or based on an event occurring or to occur after the effective date of dissolution.

History: 1993 a. 112; 1995 a. 400.