N.C. Gen. Stat. § 55-14-08
Enforcement of claims
Redline — June 1, 2021 → current.View current text →
Current — April 1, 2022
As of June 1, 2021
(1) A claim under G.S. 55-14-06 or G.S. 55-14-07 may be enforced: Against the dissolved corporation, to the extent of its undistributed assets, including coverage under any applicable insurance policy, or
(1) A claim under G.S. 55-14-06 or G.S. 55-14-07 may be enforced: Against the dissolved corporation, to the extent of its undistributed assets, including coverage under any applicable insurance policy, or
(2) Except as provided in G.S. 55-14-09(d), if the assets have been distributed in liquidation, against a shareholder of the dissolved corporation to the extent of the shareholder's pro rata share of the claim or the corporate assets distributed to the shareholder in liquidation, whichever is less, but a shareholder's total liability for all claims under this section may not exceed the total amount of assets distributed to the shareholder.
(2) Except as provided in G.S. 55-14-09(d), if the assets have been distributed in liquidation, against a shareholder of the dissolved corporation to the extent of the shareholder’s pro rata share of the claim or the corporate assets distributed to the shareholder in liquidation, whichever is less, but a shareholder’s total liability for all claims under this section may not exceed the total amount of assets distributed to the shareholder.
(3) Nothing in G.S. 55-14-06 or G.S. 55-14-07 shall extend any applicable period of limitation.
(3) Nothing in G.S. 55-14-06 or G.S. 55-14-07 shall extend any applicable period of limitation.
History
Official source: North Carolina General Assembly. Reproduced from public-domain North Carolina statutes; confirm against the official source for the current text. Not legal advice.