2007 Minnesota Statutes

317A.781 CLAIMS BARRED; EXCEPTIONS.
    Subdivision 1. Claims barred. A person who is or becomes a creditor or claimant at any
time before, during, or following the conclusion of dissolution proceedings, who does not file
a claim or pursue a remedy in a legal, administrative, or arbitration proceeding within the time
provided in section 317A.730, 317A.741, 317A.751, or 317A.759, or has not begun a legal,
administrative, or arbitration proceeding before the beginning of the dissolution proceedings, and
a person claiming through or under the creditor or claimant, is barred from suing on that claim or
otherwise realizing upon or enforcing it, except as provided in this section.
    Subd. 2. Claims reopened. Within one year after articles of dissolution have been filed
with the secretary of state under section 317A.733, subdivision 1, clause (1) or (2), or a decree
of dissolution has been entered, a creditor or claimant who shows good cause for not having
previously filed the claim may apply to a court in this state to allow a claim against the corporation
to the extent of undistributed assets.
    Subd. 3. Claims permitted. Debts, obligations, and liabilities incurred during dissolution
proceedings must be paid or provided for by the corporation before the distribution of assets
under section 317A.735. A person to whom this kind of debt, obligation, or liability is owed but
not paid may pursue any remedy against the officers or directors of the corporation before the
expiration of the applicable statute of limitations. This subdivision does not apply to dissolution
under the supervision or order of a court.
History: 1989 c 304 s 113