2015 North Carolina General Statutes
Chapter 55A - North Carolina Nonprofit Corporation Act.
Article 14 - Dissolution.
§ 55A-14-09 - Enforcement of claims.
55A-14-09. Enforcement of claims.
(a) A claim under G.S. 55A-14-07 or G.S. 55A-14-08 may be enforced:
(1) Against the dissolved corporation, to the extent of its undistributed assets, including coverage under any applicable insurance policy, or
(2) If the assets have been distributed in liquidation, against any person, other than a creditor of the corporation, to whom the corporation distributed its property to the extent of the distributee's pro rata share of the claim or the corporate assets distributed to such person in liquidation, whichever is less, but the distributee's total liability for all claims under this section shall not exceed the total amount of assets distributed to the distributee.
(b) Nothing in G.S. 55A-14-07 or G.S. 55A-14-08 shall extend any applicable period of limitation. (1985 (Reg. Sess., 1986), c. 801, s. 33; 1993, c. 398, s. 1.)
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