2005 Minnesota Statutes - 317A.729 — Claims in dissolution.

     317A.729 Claims in dissolution. 


    If the corporation gives notice to creditors and claimants 
 under section 317A.727:  


    (1) the corporation has 30 days from the receipt of each 
 claim filed according to the procedures set forth by the 
 corporation on or before the date set forth in the notice to 
 accept or reject the claim by giving written notice to the 
 person submitting it, a claim not expressly rejected in this 
 manner is considered accepted; and 


    (2) a creditor or claimant to whom notice is given and 
 whose claim is rejected by the corporation has 60 days from the 
 date of rejection, or 180 days from the date the corporation 
 filed the notice of intent to dissolve with the secretary of 
 state, or 90 days after the date on which notice was given to 
 the creditor or claimant, whichever is longer, to pursue other 
 remedies with respect to the claim.  


    HIST: 1989 c 304 s 100