{"data":{"id":"us-nc/n.c.-gen.-stat.-55-14-08","jurisdiction":"us-nc","citation":"N.C. Gen. Stat. § 55-14-08","heading":"Enforcement of claims.","body":"(a)\tA claim under G.S. 55-14-06 or G.S. 55-14-07 may be enforced:\n(1)\tAgainst the dissolved corporation, to the extent of its undistributed assets, including coverage under any applicable insurance policy, or\n(2)\tExcept as provided in G.S. 55-14-09(d), if the assets have been distributed in liquidation, against a shareholder of the dissolved corporation to the extent of the shareholder's pro rata share of the claim or the corporate assets distributed to the shareholder in liquidation, whichever is less, but a shareholder's total liability for all claims under this section may not exceed the total amount of assets distributed to the shareholder.\n(b)\tNothing in G.S. 55-14-06 or G.S. 55-14-07 shall extend any applicable period of limitation. (1955, c. 1371, s. 1; 1973, c. 469, ss. 39, 40; 1989, c. 265, s. 1; 2005-268, s. 32.)","path":["Chapter 55. North Carolina Business Corporation Act.","Article 14. Dissolution.","Part 1. Voluntary Dissolution."],"source_url":"https://www.ncleg.gov/EnactedLegislation/Statutes/HTML/BySection/Chapter_55/GS_55-14-08.html","current_through":"S.L. 2026-30","vintage":"","retrieved_at":"2026-08-27T18:05:57Z","sha256":"0adc88f0cefebb828f53533c4ac8b7620a1eaf2b06c6861bac0a9aba79285d32","source_id":"us-nc","stale":false,"prev":"us-nc/n.c.-gen.-stat.-55-14-07","next":"us-nc/n.c.-gen.-stat.-55-14-09"},"notice":"GroundRules: Original legal text. Not legal advice."}