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Oregon · Through 2025 Edition

ORS 63.645: Enforcement of claims against dissolved limited liability company.

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Where this section sits in the code
  1. 02 - Business Organizations, Commercial Code
  2. 7. Corporations and Partnerships
  3. Chapter 63 — Limited Liability Companies

A claim against a dissolved limited liability company that is not barred under ORS 63.641 or 63.644 may be enforced:

      (1) Against the dissolved limited liability company to the extent of the dissolved limited liability company’s undistributed assets, including, without limitation, any insurance assets held by or for the benefit of the dissolved limited liability company that are available to satisfy the claim; or

      (2) If the assets have been distributed in liquidation, against each member of the dissolved limited liability company for the amount by which such member’s liquidation distributions would have been reduced if the claim had been paid by the limited liability company. A member’s total liability for all claims under this section may not exceed the total value of assets distributed to the member, as of the date or dates of distribution, less any liability of the limited liability company paid on behalf of the limited liability company by that member after the date of the distribution.

Collected 2026-09-03T23:50:10Z. Source file · JSON

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