193.951 Filing claims in involuntary or court-supervised voluntary dissolution proceedings. - Wisconsin Statutes

193.951

193.951 Filing claims in involuntary or court-supervised voluntary dissolution proceedings.

193.951(1)

(1) Filing under oath. In a dissolution conducted under the supervision of a court under s. 193.925 or in any action under s. 193.931 (1), the court may require all creditors and claimants of the cooperative to file their claims, under oath and in a form prescribed by the court, with the court or with a receiver appointed under s. 193.935 (1) or (2).

193.951(2)

(2) Date to file a claim; notice. If the court requires the filing of claims in a dissolution conducted under the supervision of a court under s. 193.925 or in any action under s. 193.931 (1), the court shall do all of the following:

193.951(2)(a)

(a) Set a date at least 120 days after the date the order is filed, as the last day for the filing of claims.

193.951(2)(b)

(b) Prescribe a notice of the fixed date that shall be given to creditors and claimants.

193.951(3)

(3) Claims barred; extension of time for filing. The court may prohibit any person who fails to file a claim before the date established under sub. (2) (a) from claiming an interest in or receiving payment out of the property and assets of the cooperative. At any time before the date established under sub. (2) (a), the court may extend the time for filing claims beyond the date established under sub. (2) (a).

193.951 - ANNOT.

History: 2005 a. 441.