KRS 271B.14-070: Unknown claims against dissolved corporation.

(1) A dissolved corporation may also publish notice of its dissolution and request that

persons with claims against the corporation present them in accordance with the

notice.

(2) The notice shall:

(a) Be published one (1) time in a newspaper of general circul ation in the county

where the dissolved corporation's principal office (or, if none in this state, its

registered office) is or was last located;

(b) Describe the information that must be included in a claim and provide a

mailing address where the claim may be sent; and

(c) State that a claim against the corporation will be barred unless a proceeding to

enforce the claim is commenced within two (2) years after the publication of

the notice.

(3) If the dissolved corporation publishes a newspaper notice in ac cordance with

subsection (2) of this section, the claim of each of the following claimants shall be

barred unless the claimant commences a proceeding to enforce the claim against the

dissolved corporation within two (2) years after the publication date of the

newspaper notice:

(a) A claimant who did not receive written notice under KRS 271B.14-060;

(b) A claimant whose claim was timely sent to the dissolved corporation but not

acted on; and

(c) A claimant whose claim is contingent or based on an event occur ring after the

effective date of dissolution.

(4) A claim may be enforced under this section:

(a) Against the dissolved corporation, to the extent of its undistributed assets; or

(b) If the assets have been distributed in liquidation, against a shareholder of the

dissolved corporation to the extent of his pro rata share of the claim or the

corporate assets distributed to him in liquidation, whichever is less, but a

shareholder's total liability for all claims under this section shall not exceed

the total amount of assets distributed to him.