Fla. Stat. § 607.1407
Other claims against dissolved corporation
Redline — January 1, 2011 → current.View current text →
Current — January 1, 2019
As of January 1, 2011
A dissolved corporation or successor entity, as defined in s. 607.1406(15), may choose to execute one of the following procedures to resolve payment of unknown claims.
(1) A dissolved corporation or successor entity may file notice of its dissolution with the Department of State on the form prescribed by the Department of State and request that persons with claims against the corporation which are not known to the corporation or successor entity present them in accordance with the notice. The notice shall: (a) State the name of the corporation and the date of dissolution; (b) Describe the information that must be included in a claim and provide a mailing address to which the claim may be sent; and (c) State that a claim against the corporation under this subsection will be barred unless a proceeding to enforce the claim is commenced within 4 years after the filing of the notice.
(1) A dissolved corporation may choose to execute one of the following procedures to resolve any claims other than known claims: (a) A dissolved corporation may file notice of its dissolution with the department on the form prescribed by the department and request that persons with claims against the corporation which are not known to the dissolved corporation present them in accordance with the notice. The notice must: 1. State the name of the corporation that is the subject of the dissolution; 2. State that the corporation is the subject of a dissolution and the effective date of the dissolution; 3. Specify the information that must be included in a claim; 4. State that a claim must be in writing and provide a mailing address where a claim may be sent; and 5. State that a claim against the corporation under this subsection will be barred unless a proceeding to enforce the claim is commenced within 4 years after the filing of the notice. (b) A dissolved corporation may, within 10 days after filing articles of dissolution with the department, publish a “Notice of Corporate Dissolution.” The notice shall appear once a week for 2 consecutive weeks in a newspaper of general circulation in a county in the state in which the corporation has its principal office, if any, or, if none, in a county in the state in which the corporation owns real or personal property. Such newspaper shall meet the requirements as are prescribed by law for such purposes. The notice must: 1. State the name of the corporation that is the subject of the dissolution; 2. State that the corporation is the subject of a dissolution and the effective date of the dissolution; 3. Specify the information that must be included in the claim; 4. State that a claim must be in writing and provide a mailing address where a claim may be sent; and 5. State that a claim against the corporation under this subsection will be barred unless a proceeding to enforce the claim is commenced within 4 years after the date of the second consecutive weekly publication of the notice authorized by this section.
(2) A dissolved corporation or successor entity may, within 10 days after filing articles of dissolution with the Department of State, publish a “Notice of Corporate Dissolution.” The notice shall appear once a week for 2 consecutive weeks in a newspaper of general circulation in a county in the state in which the corporation has its principal office, if any, or, if none, in a county in the state in which the corporation owns real or personal property. Such newspaper shall meet the requirements as are prescribed by law for such purposes. The notice shall:
(a) State the name of the corporation and the date of dissolution;
(b) Describe the information that must be included in a claim and provide a mailing address to which the claim may be sent; and
(c) State that a claim against the corporation under this subsection will be barred unless a proceeding to enforce the claim is commenced within 4 years after the date of the second consecutive weekly publication of the notice authorized by this section.
(2) If the dissolved corporation complies with paragraph (1)(a) or paragraph (1)(b), unless sooner barred by another statute limiting actions, the claim of each of the following claimants with known or other claims is barred unless the claimant commences a proceeding to enforce the claim against the dissolved corporation within 4 years after the date of filing the notice with the department or the date of the second consecutive weekly publication, as applicable: (a) A claimant who did not receive written notice under s. 607.1406. (b) A claimant whose claim was timely sent to the dissolved corporation but on which no action was taken by the dissolved corporation. (c) A claimant whose claim is not a known claim under s. 607.1406(5).
(4) A claim may be entered under this section:
(a) Against the dissolved corporation, to the extent of its undistributed assets; or
(b) If the assets have been distributed in liquidation, against a shareholder of the dissolved corporation to the extent of such shareholder’s pro rata share of the claim or the corporate assets distributed to such shareholder in liquidation, whichever is less, provided that the aggregate liability of any shareholder of a dissolved corporation arising under this section, s. 607.1406, or otherwise may not exceed the amount distributed to the shareholder in dissolution.Nothing in this section shall preclude or relieve the corporation from its notification to claimants otherwise set forth in this chapter.
(3) Nothing in this section shall preclude or relieve the corporation from its notification to claimants otherwise set forth in this chapter.
Official source: Online Sunshine (Florida Legislature). Reproduced from public-domain Florida statutes; confirm against the official source for the current text. Not legal advice.