322B.846 FILING CLAIMS IN JUDICIAL INTERVENTION PROCEEDINGS.
Subdivision 1. Judicial intervention proceedings.
In proceedings referred to in section
, the court may require all creditors and claimants of the limited liability company to file
their claims under oath with the court administrator or with the receiver in a form prescribed by
Subd. 2. Filing of claims.
If the court requires the filing of claims, it shall fix a date not less
than 120 days from the date of the order as the last day for the filing of claims, and shall prescribe
the notice of the fixed date that shall be given to creditors and claimants. Before the fixed date, the
court may extend the time for filing claims. Creditors and claimants failing to file claims on or
before the fixed date may be barred, by order of court, from claiming an interest in or receiving
payment out of the property or assets of the limited liability company.
History: 1992 c 517 art 2 s 118