North Carolina § 55A-14-09 - Enforcement of claims.
Full text of North Carolina North Carolina General Statutes § 55A-14-09 — Enforcement of claims., with citation guidance and answers to common questions.
§ 55A-14-09. Enforcement of claims.
A claim under G.S. 55A-14-07 or G.S. 55A-14-08 may be enforced: Against the dissolved corporation, to the extent of its undistributed assets, including coverage under any applicable insurance policy, or 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. Nothing in G.S. 55A-14-07 or G.S. 55A-14-08 shall extend any applicable period of limitation. History (1985 (Reg. Sess., 1986), c. 801, s. 33; 1993, c. 398, s. 1.) NORTH CAROLINA COMMENTARY Subdivision (a)(2), unlike former G.S. 55A-28.1(h), makes a distributee liable regardless of whether he knew that the distribution violated the Act.
Source: official North Carolina text · Last verified 2026-08-27
Frequently Asked Questions About North Carolina § 55A-14-09
What does North Carolina General Statutes § 55A-14-09 cover?
Section 55A-14-09 ("Enforcement of claims.") is part of the North Carolina General Statutes, the codified statutory law of North Carolina. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite North Carolina § 55A-14-09?
A common citation format is "North Carolina General Statutes § 55A-14-09" (North Carolina). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of North Carolina law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the North Carolina official source linked on this page or consult a licensed North Carolina attorney.
How does North Carolina § 55A-14-09 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in North Carolina can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in North Carolina.