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<law><site_title>Virginia Decoded</site_title><site_url>https://vacode.org</site_url><law_id>87141</law_id><section_number>13.1-908.1</section_number><catch_line>Other claims against dissolved corporation</catch_line><edition url="https://vacode.org/2025/" slug="2025" current="TRUE" last_updated="">2025</edition><referred_to_by><reference>13.1-908.2</reference><reference>13.1-908.3</reference><reference>13.1-911</reference></referred_to_by><structure><unit label="title" level="1" order_by="1" identifier="13.1">Corporations</unit><unit label="chapter" level="2" order_by="1" identifier="10">Virginia Nonstock Corporation Act</unit><unit label="article" level="3" order_by="1" identifier="13">Dissolution</unit></structure><text>
						<section id="A"><p><span class="prefix-number">A.</span> A dissolved <span class="dictionary">corporation</span> may also (i) <span class="dictionary">deliver</span> notice of its dissolution to any known claimant with a liability or claim that pursuant to subsection D of &#xA7; <a class="law" title="Known claims against dissolved corporation" href="/13.1-908/">13.1-908</a> is not treated as a claim for purposes of &#xA7; <a class="law" title="Known claims against dissolved corporation" href="/13.1-908/">13.1-908</a> and (ii) publish notice of its dissolution one time in a newspaper of general circulation in the city or county where the dissolved <span class="dictionary">corporation</span>&#x2019;s <span class="dictionary">principal office</span>, or, if none in the Commonwealth, its registered office, is or was last located. The notice of dissolution shall request that <span class="dictionary">persons</span> with claims against the dissolved <span class="dictionary">corporation</span> present them in accordance with the notice. <a id="paragraph-312040" class="section-permalink" href="https://vacode.org/13.1-908.1/#A"><i class="fa fa-link"/></a></p></section>
						<section id="B"><p><span class="prefix-number">B.</span> The notice shall: <a id="paragraph-312041" class="section-permalink" href="https://vacode.org/13.1-908.1/#B"><i class="fa fa-link"/></a></p></section>
						<section id="B1" class="indent-1"><p><span class="prefix-number">1.</span> Describe the information that is required to be included in a claim and provide a mailing address to which the claim may be sent; and <a id="paragraph-312042" class="section-permalink" href="https://vacode.org/13.1-908.1/#B1"><i class="fa fa-link"/></a></p></section>
						<section id="B2" class="indent-1"><p><span class="prefix-number">2.</span> <span class="dictionary">State</span> that a claim against the dissolved <span class="dictionary">corporation</span> will be barred unless a <span class="dictionary">proceeding</span> to enforce the claim is commenced prior to the earlier of the expiration of any applicable <span class="dictionary">statute of limitations</span> or three years after the date of <span class="dictionary">delivery</span> of notice to the claimant, or the date of publication of the notice, as appropriate. <a id="paragraph-312043" class="section-permalink" href="https://vacode.org/13.1-908.1/#B2"><i class="fa fa-link"/></a></p></section>
						<section id="C"><p><span class="prefix-number">C.</span> If the dissolved <span class="dictionary">corporation</span> provides notice of its dissolution in accordance with this section, the claim of each of the following claimants is barred unless the claimant commences a <span class="dictionary">proceeding</span> to enforce the claim against the dissolved <span class="dictionary">corporation</span> prior to the earlier of the expiration of any applicable <span class="dictionary">statute of limitations</span> or three years after the date on which notice was delivered to the claimant or published, as appropriate: <a id="paragraph-312044" class="section-permalink" href="https://vacode.org/13.1-908.1/#C"><i class="fa fa-link"/></a></p></section>
						<section id="C1" class="indent-1"><p><span class="prefix-number">1.</span> A claimant who was not given <span class="dictionary">written</span> notice under &#xA7; <a class="law" title="Known claims against dissolved corporation" href="/13.1-908/">13.1-908</a>; <a id="paragraph-312045" class="section-permalink" href="https://vacode.org/13.1-908.1/#C1"><i class="fa fa-link"/></a></p></section>
						<section id="C2" class="indent-1"><p><span class="prefix-number">2.</span> A claimant whose claim was timely sent to the dissolved <span class="dictionary">corporation</span> but not acted on; and <a id="paragraph-312046" class="section-permalink" href="https://vacode.org/13.1-908.1/#C2"><i class="fa fa-link"/></a></p></section>
						<section id="C3" class="indent-1"><p><span class="prefix-number">3.</span> A claimant whose claim pursuant to subsection D of &#xA7; <a class="law" title="Known claims against dissolved corporation" href="/13.1-908/">13.1-908</a> is not treated as a claim for purposes of &#xA7; <a class="law" title="Known claims against dissolved corporation" href="/13.1-908/">13.1-908</a>. <a id="paragraph-312047" class="section-permalink" href="https://vacode.org/13.1-908.1/#C3"><i class="fa fa-link"/></a></p></section>
						<section id="D"><p><span class="prefix-number">D.</span> A claim that is not barred by subsection C of &#xA7;&#xA0;<a class="law" title="Known claims against dissolved corporation" href="/13.1-908/">13.1-908</a> or subsection C of this section may be enforced: <a id="paragraph-312048" class="section-permalink" href="https://vacode.org/13.1-908.1/#D"><i class="fa fa-link"/></a></p></section>
						<section id="D1" class="indent-1"><p><span class="prefix-number">1.</span> Against the dissolved <span class="dictionary">corporation</span>, to the extent of its undistributed <span class="dictionary">assets</span>; or <a id="paragraph-312049" class="section-permalink" href="https://vacode.org/13.1-908.1/#D1"><i class="fa fa-link"/></a></p></section>
						<section id="D2" class="indent-1"><p><span class="prefix-number">2.</span> Except as provided in subsection D of &#xA7; <a class="law" title="Court proceedings" href="/13.1-908.2/">13.1-908.2</a>, if the <span class="dictionary">assets</span> have been distributed in <span class="dictionary">liquidation</span>, against a <span class="dictionary">member</span> of the dissolved <span class="dictionary">corporation</span> to the extent of the <span class="dictionary">member</span>&#x2019;s pro rata share of the claim or the corporate <span class="dictionary">assets</span> distributed to the <span class="dictionary">member</span> in <span class="dictionary">liquidation</span>, whichever is less, but a <span class="dictionary">member</span>&#x2019;s total liability for all claims under this section may not exceed the total amount of <span class="dictionary">assets</span> distributed to the <span class="dictionary">member</span>. <a id="paragraph-312050" class="section-permalink" href="https://vacode.org/13.1-908.1/#D2"><i class="fa fa-link"/></a></p></section></text><history>2007, c. 925; 2015, c. 611.</history><metadata></metadata></law>
