2010 New Hampshire Statutes
TITLE XXVII CORPORATIONS, ASSOCIATIONS, AND PROPRIETORS OF COMMON LANDS
CHAPTER 293-A NEW HAMPSHIRE BUSINESS CORPORATION ACT
Section 293-A:14.07 Unknown Claims Against Dissolved Corporation.


NH Rev Stat § 293-A:14.07 (1996 through Reg Sess) What's This?

Section 293-A:14.07 293-A:14.07 Unknown Claims Against Dissolved Corporation. – (a) A dissolved corporation may also publish notice of its dissolution and request that persons with claims against the corporation present them in accordance with the notice.
    (b) The notice shall:
       (1) Be published one time in a newspaper of general circulation in the county where the dissolved corporation's principal office, or, if none in this state, its registered office, is or was last located;
       (2) Describe the information that must be included in a claim and provide a mailing address where the claim may be sent; and
       (3) State that a claim against the corporation will be barred unless a proceeding to enforce the claim is commenced within 5 years after the publication of the notice.
    (c) If the dissolved corporation publishes a newspaper notice in accordance with subsection (b), the claim of each of the following claimants is barred unless the claimant commences a proceeding to enforce the claim against the dissolved corporation within 5 years after the publication date of the newspaper notice:
       (1) A claimant who did not receive written notice under RSA 293-A:14.06;
       (2) A claimant whose claim was timely sent to the dissolved corporation but not acted on;
       (3) A claimant whose claim is contingent or based on an event occurring after the effective date of dissolution.
    (d) A claim may be enforced under this section:
       (1) Against the dissolved corporation, to the extent of its undistributed assets; or
       (2) If the assets have been distributed in liquidation, against a shareholder of the dissolved corporation to the extent of his pro rata share of the claim or the corporate assets distributed to him in liquidation, whichever is less, but a shareholder's total liability for all claims under this section shall not exceed the total amount of assets distributed to him.

Source. 1992, 255:1, eff. Jan. 1, 1993.

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