New Jersey § 42:2c-51

§ 42:2c-51.

Other Claims Against Dissolved Limited Liability Company. a. A dissolved limited liability company may publish notice of its dissolution and

request persons having claims against the company to present them in accordance with

the notice. b. The notice authorized by subsection a. of this section shall: (1) be published at least once in a newspaper of general circulation in the county

in this State in which the dissolved limited liability company's principal office

is located or, if it has none in this State, in the county in which the company's

registered office is or was last located; (2) describe the information required to be contained in a claim and provide a mailing

address to which the claim is to be sent; and (3) state that a claim against the company is barred unless an action to enforce the

claim is commenced within five years after publication of the notice. c. If a dissolved limited liability company publishes a notice in accordance with

subsection b. of this section, unless the claimant commences an action to enforce

the claim against the company within five years after the publication date of the

notice, the claim of each of the following claimants is barred: (1) a claimant that did not receive notice in a record under section 50 of this act; 1 (2) a claimant whose claim was timely sent to the company but not acted on; and (3) a claimant whose claim is contingent at, or based on an event occurring after,

the effective date of dissolution. d. A claim not barred under this section may be enforced: (1) against a dissolved limited liability company, to the extent of its undistributed

assets; and (2) if assets of the company have been distributed after dissolution, against a member

or transferee to the extent of that person's proportionate share of the claim or of

the assets distributed to the member or transferee after dissolution, whichever is

less, but a person's total liability for all claims under this paragraph does not

exceed the total amount of assets distributed to the person after dissolution. 1

L.2012, c. 50 (N.J.S.A. § 42:2C-50).