§ 55-14-08. Enforcement of claims. - North Carolina Statutes

§ 55‑14‑08. Enforcement of claims.

(a)        A claim under G.S.55‑14‑06 or G.S. 55‑14‑07 may be enforced:

(1)        Against thedissolved corporation, to the extent of its undistributed assets, includingcoverage under any applicable insurance policy, or

(2)        Except as providedin G.S. 55‑14‑09(d), if the assets have been distributed inliquidation, against a shareholder of the dissolved corporation to the extentof the shareholder's pro rata share of the claim or the corporate assetsdistributed to the shareholder in liquidation, whichever is less, but ashareholder's total liability for all claims under this section may not exceedthe total amount of assets distributed to the shareholder.

(b)        Nothing in G.S. 55‑14‑06or 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.)