(a) A dissolved corporation may dispose of the known claims against it by following the procedure described in this section.
(b) The dissolved corporation shall notify its known claimants in writing of the dissolution at any time after its effective date. The written notice must:
(1) Describe information that must be included in a claim;
(2) Provide a mailing address where a claim may be sent;
(3) State the deadline, which may not be fewer than one hundred twenty days from the effective date of the written notice, by which the dissolved corporation must receive the claim; and
(4) State that the claim will be barred if not received by the deadline.
(c) A claim against the dissolved corporation is barred:
(1) If a claimant who was given written notice under subsection (b) of this section does not deliver the claim to the dissolved corporation by the deadline; or
(2) If a claimant whose claim was rejected by the dissolved corporation does not commence a proceeding to enforce the claim within ninety days from the effective date of the rejection notice.
(d) For purposes of this section, "claim" does not include a contingent liability or a claim based on an event occurring after the effective date of dissolution.
Structure West Virginia Code
Chapter 31D. West Virginia Business Corporation Act
§31D-14-1401. Dissolution by Incorporators or Initial Directors
§31D-14-1402. Dissolution by Board of Directors and Shareholders
§31D-14-1403. Articles of Dissolution
§31D-14-1404. Revocation of Dissolution
§31D-14-1405. Effect of Dissolution
§31D-14-1406. Known Claims Against Dissolved Corporation
§31D-14-1407. Unknown Claims Against Dissolved Corporation
§31D-14-1420. Grounds for Administrative Dissolution
§31D-14-1421. Procedure for and Effect of Administrative Dissolution
§31D-14-1422. Reinstatement Following Administrative Dissolution
§31D-14-1423. Appeal From Denial of Reinstatement
§31D-14-1430. Grounds for Judicial Dissolution
§31D-14-1431. Procedure for Judicial Dissolution
§31D-14-1432. Receivership or Custodianship
§31D-14-1433. Decree of Dissolution