16-6a-1407 - Disposition of claims by publication.
16-6a-1407. Disposition of claims by publication.
(1) A dissolved nonprofit corporation may publish notice of its dissolution and requestthat persons with claims against the nonprofit corporation present them in accordance with thenotice.
(2) The notice described in Subsection (1) shall:
(a) be published:
(i) one time in a newspaper of general circulation in:
(A) the county where:
(I) the dissolved nonprofit corporation's principal office is located; or
(II) if the dissolved nonprofit corporation has no principal office in this state, itsregistered office is or was last located; or
(B) if neither Subsection (2)(a)(i)(A) or (B) apply, Salt Lake County; and
(ii) as required in Section 45-1-101;
(b) describe the information that shall be included in a claim;
(c) provide an address at which any claim shall be given to the nonprofit corporation; and
(d) state that unless sooner barred by any other statute limiting actions, a claim will bebarred if an action to enforce the claim is not commenced within three years after publication ofthe notice.
(3) If the dissolved nonprofit corporation publishes a newspaper or website notice inaccordance with Subsection (2), then unless sooner barred under Section 16-6a-1406 or underany other statute limiting actions, the claim of any claimant against the dissolved nonprofitcorporation is barred unless the claimant commences an action to enforce the claim against thedissolved nonprofit corporation within three years after the publication date of the notice.
(4) For purposes of this section:
(a) "claim" means any claim, including claims of this state, whether:
(i) known;
(ii) due or to become due;
(iii) absolute or contingent;
(iv) liquidated or unliquidated;
(v) founded on contract, tort, or other legal basis; or
(vi) otherwise; and
(b) an action to enforce a claim includes:
(i) any civil action; and
(ii) any arbitration under any agreement for binding arbitration between the dissolvednonprofit corporation and the claimant.
Amended by Chapter 388, 2009 General Session