{"id":10052,"date":"2018-05-09T10:36:36","date_gmt":"2018-05-09T17:36:36","guid":{"rendered":"https:\/\/www.keytlaw.com\/azllclaw\/?page_id=10052"},"modified":"2018-05-09T10:37:32","modified_gmt":"2018-05-09T17:37:32","slug":"ars-section-29-3704","status":"publish","type":"page","link":"https:\/\/www.keytlaw.com\/azllclaw\/ars-section-29-3704\/","title":{"rendered":"ARS Section 29-3704 Known Claims Against Dissolved Limited Liability company"},"content":{"rendered":"<p style=\"text-align: justify;\">A. Except as otherwise provided in subsection D of this Section, a dissolved limited liability company may give notice of a known claim under subsection B of this Section and the notice has the effect provided in subsection C of this Section.<\/p>\n<p style=\"text-align: justify;\">B. A dissolved limited liability company may in a record notify its known claimants of the dissolution.<\/p>\n<p style=\"text-align: justify;\">the notice must comply with all of the following:<\/p>\n<p style=\"text-align: justify; padding-left: 30px;\">1. specify the information required to be included in a claim.<\/p>\n<p style=\"text-align: justify; padding-left: 30px;\">2. state that a claim must be in writing and provide a mailing address to which the claim is to be sent.<\/p>\n<p style=\"text-align: justify; padding-left: 30px;\">3. state the deadline for receipt of a claim, which may not be less than one hundred twenty days after the date the notice is received by the claimant.<\/p>\n<p style=\"text-align: justify; padding-left: 30px;\">4. state that the claim will be barred if not received by the deadline.<\/p>\n<p style=\"text-align: justify;\">C. A claim against a dissolved limited liability company is barred if the requirements of subsection B of this Section are met and either of the following occurs:<\/p>\n<p style=\"text-align: justify; padding-left: 30px;\">1. the claim is not received by the specified deadline.<\/p>\n<p style=\"text-align: justify; padding-left: 30px;\">2. the claim is timely received but rejected by the company and both of the following occur:<\/p>\n<p style=\"text-align: justify; padding-left: 60px;\">(a) the company causes the claimant to receive a notice in a record stating that the claim is rejected and will be barred unless the claimant commences an action against the company to enforce the claim not later than ninety days after the claimant receives the notice.<\/p>\n<p style=\"text-align: justify; padding-left: 60px;\">(b) the claimant does not commence the required action within ninety days after the claimant receives the notice.<\/p>\n<p style=\"text-align: justify;\">D. This Section does not apply to a claim based on an event occurring after the date of dissolution or a liability that is contingent on the date of dissolution.<\/p>\n<p style=\"text-align: justify;\">E. This Section does not affect or prevent the enforcement of any mortgage, pledge or other lien on the limited liability company&#8217;s property or, to the limits of the insurance protection only, any proceeding to establish liability of the company for which it is protected by liability insurance.<\/p>\n<p style=\"text-align: justify;\"><strong>Note<\/strong>:\u00a0 As of September 1, 2020, this statute applies to all Arizona LLCs .\u00a0 The text above shows the statute as of January 1, 2025.\u00a0 To see if the Arizona legislature modified this statute after January 1, 2025, go the the Arizona legislature's website for <a href=\"https:\/\/www.azleg.gov\/arsDetail\/?title=29\" target=\"_blank\" rel=\"noopener noreferrer\">Title 29, Chapter 7<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>A. Except as otherwise provided in subsection D of this Section, a dissolved limited liability company may give notice of a known claim under subsection B of this Section and the notice has the effect provided in subsection C of this Section. B. A dissolved limited liability company may in a record notify its known claimants of the dissolution. the notice must comply with all of the following: 1. specify the information required to be included in a claim. 2. state that a claim must be in writing and provide a mailing address to which the claim is to be sent. 3. state the deadline for receipt of a claim, which may not be less than one hundred twenty days after the date the notice is received by the claimant. 4. state that the claim will be barred if not received by the deadline. C. A claim against a dissolved limited liability company is barred if the requirements of subsection B of this Section are met and either of the following occurs: 1. the claim is not received by the specified deadline. 2. the claim is timely received but rejected by the company and both of the following occur: (a) the company causes the claimant to receive a notice in a record stating that the claim is rejected and will be barred unless the claimant commences an action against the company to enforce the claim not later than ninety days after the claimant receives the notice. (b) the claimant does not commence the required action within ninety days after the claimant receives the notice. D. This Section does not apply to a claim based on an event occurring after the date of dissolution or a <a href=\"https:\/\/www.keytlaw.com\/azllclaw\/ars-section-29-3704\/\"> [&#8230;]<\/a><\/p>\n","protected":false},"author":158,"featured_media":0,"parent":0,"menu_order":0,"comment_status":"closed","ping_status":"closed","template":"","meta":{"om_disable_all_campaigns":false,"footnotes":""},"class_list":["post-10052","page","type-page","status-publish","hentry"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v27.7 (Yoast SEO v27.9) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>ARS Section 29-3704 Known Claims Against Dissolved Limited Liability company - Arizona LLC Law<\/title>\n<meta name=\"description\" content=\"The complete text of Arizona Revised Statutes Section 29-3704 of Arizona&#039;s new LLC law that is effective September 1, 2019.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.keytlaw.com\/azllclaw\/ars-section-29-3704\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"ARS Section 29-3704 Known Claims Against Dissolved Limited Liability company\" \/>\n<meta property=\"og:description\" content=\"The complete text of Arizona Revised Statutes Section 29-3704 of Arizona&#039;s new LLC law that is effective September 1, 2019.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.keytlaw.com\/azllclaw\/ars-section-29-3704\/\" \/>\n<meta property=\"og:site_name\" content=\"Arizona LLC Law\" \/>\n<meta property=\"article:publisher\" content=\"http:\/\/www.facebook.com\/keytlaw\" \/>\n<meta property=\"article:modified_time\" content=\"2018-05-09T17:37:32+00:00\" \/>\n<meta name=\"twitter:label1\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data1\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.keytlaw.com\\\/azllclaw\\\/ars-section-29-3704\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.keytlaw.com\\\/azllclaw\\\/ars-section-29-3704\\\/\"},\"author\":{\"name\":\"Katie Keyt\",\"@id\":\"https:\\\/\\\/www.keytlaw.com\\\/azllclaw\\\/#\\\/schema\\\/person\\\/745ac248a7f18e1ef5455f0dcee1f591\"},\"headline\":\"ARS Section 29-3704 Known Claims Against Dissolved Limited Liability company\",\"datePublished\":\"2018-05-09T17:36:36+00:00\",\"dateModified\":\"2018-05-09T17:37:32+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.keytlaw.com\\\/azllclaw\\\/ars-section-29-3704\\\/\"},\"wordCount\":351,\"publisher\":{\"@id\":\"https:\\\/\\\/www.keytlaw.com\\\/azllclaw\\\/#organization\"},\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.keytlaw.com\\\/azllclaw\\\/ars-section-29-3704\\\/\",\"url\":\"https:\\\/\\\/www.keytlaw.com\\\/azllclaw\\\/ars-section-29-3704\\\/\",\"name\":\"ARS Section 29-3704 Known Claims Against Dissolved Limited Liability company - Arizona LLC Law\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.keytlaw.com\\\/azllclaw\\\/#website\"},\"datePublished\":\"2018-05-09T17:36:36+00:00\",\"dateModified\":\"2018-05-09T17:37:32+00:00\",\"description\":\"The complete text of Arizona Revised Statutes Section 29-3704 of Arizona's new LLC law that is effective September 1, 2019.\",\"breadcrumb\":{\"@id\":\"https:\\\/\\\/www.keytlaw.com\\\/azllclaw\\\/ars-section-29-3704\\\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\\\/\\\/www.keytlaw.com\\\/azllclaw\\\/ars-section-29-3704\\\/\"]}]},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\\\/\\\/www.keytlaw.com\\\/azllclaw\\\/ars-section-29-3704\\\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\\\/\\\/www.keytlaw.com\\\/azllclaw\\\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"ARS Section 29-3704 Known Claims Against Dissolved Limited Liability company\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\\\/\\\/www.keytlaw.com\\\/azllclaw\\\/#website\",\"url\":\"https:\\\/\\\/www.keytlaw.com\\\/azllclaw\\\/\",\"name\":\"Arizona LLC Law\",\"description\":\"Information about Forming &amp; Operating Arizona LLCs\",\"publisher\":{\"@id\":\"https:\\\/\\\/www.keytlaw.com\\\/azllclaw\\\/#organization\"},\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\\\/\\\/www.keytlaw.com\\\/azllclaw\\\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Organization\",\"@id\":\"https:\\\/\\\/www.keytlaw.com\\\/azllclaw\\\/#organization\",\"name\":\"KEYTLaw, LLC\",\"url\":\"https:\\\/\\\/www.keytlaw.com\\\/azllclaw\\\/\",\"logo\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\\\/\\\/www.keytlaw.com\\\/azllclaw\\\/#\\\/schema\\\/logo\\\/image\\\/\",\"url\":\"https:\\\/\\\/www.keytlaw.com\\\/azllclaw\\\/wp-content\\\/uploads\\\/logo.png\",\"contentUrl\":\"https:\\\/\\\/www.keytlaw.com\\\/azllclaw\\\/wp-content\\\/uploads\\\/logo.png\",\"width\":500,\"height\":500,\"caption\":\"KEYTLaw, LLC\"},\"image\":{\"@id\":\"https:\\\/\\\/www.keytlaw.com\\\/azllclaw\\\/#\\\/schema\\\/logo\\\/image\\\/\"},\"sameAs\":[\"http:\\\/\\\/www.facebook.com\\\/keytlaw\",\"https:\\\/\\\/x.com\\\/azestateplanner\",\"http:\\\/\\\/www.linkedin.com\\\/pub\\\/richard-keyt\\\/5\\\/a88\\\/a30\\\/\",\"https:\\\/\\\/www.youtube.com\\\/user\\\/keytlaw\"],\"description\":\"We are Arizona attorneys who have formed 9,000+ Arizona LLCs. We also prepare wills, trusts and estate plans to protect our clients' most valuable assets - their loved ones.\",\"email\":\"rk@keytlaw.com\",\"telephone\":\"480-664-7478\",\"legalName\":\"KEYTLaw, LLC\",\"foundingDate\":\"2001-06-01\",\"numberOfEmployees\":{\"@type\":\"QuantitativeValue\",\"minValue\":\"1\",\"maxValue\":\"10\"}},{\"@type\":\"Person\",\"@id\":\"https:\\\/\\\/www.keytlaw.com\\\/azllclaw\\\/#\\\/schema\\\/person\\\/745ac248a7f18e1ef5455f0dcee1f591\",\"name\":\"Katie Keyt\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\\\/\\\/secure.gravatar.com\\\/avatar\\\/27473fcc2aeeb1cb4aa844b67e98292565cfcf7616d1b87cbaf6016598007ed8?s=96&d=mm&r=g\",\"url\":\"https:\\\/\\\/secure.gravatar.com\\\/avatar\\\/27473fcc2aeeb1cb4aa844b67e98292565cfcf7616d1b87cbaf6016598007ed8?s=96&d=mm&r=g\",\"contentUrl\":\"https:\\\/\\\/secure.gravatar.com\\\/avatar\\\/27473fcc2aeeb1cb4aa844b67e98292565cfcf7616d1b87cbaf6016598007ed8?s=96&d=mm&r=g\",\"caption\":\"Katie Keyt\"}}]}<\/script>\n<!-- \/ Yoast SEO Premium plugin. -->","yoast_head_json":{"title":"ARS Section 29-3704 Known Claims Against Dissolved Limited Liability company - Arizona LLC Law","description":"The complete text of Arizona Revised Statutes Section 29-3704 of Arizona's new LLC law that is effective September 1, 2019.","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.keytlaw.com\/azllclaw\/ars-section-29-3704\/","og_locale":"en_US","og_type":"article","og_title":"ARS Section 29-3704 Known Claims Against Dissolved Limited Liability company","og_description":"The complete text of Arizona Revised Statutes Section 29-3704 of Arizona's new LLC law that is effective September 1, 2019.","og_url":"https:\/\/www.keytlaw.com\/azllclaw\/ars-section-29-3704\/","og_site_name":"Arizona LLC Law","article_publisher":"http:\/\/www.facebook.com\/keytlaw","article_modified_time":"2018-05-09T17:37:32+00:00","twitter_misc":{"Est. reading time":"2 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/www.keytlaw.com\/azllclaw\/ars-section-29-3704\/#article","isPartOf":{"@id":"https:\/\/www.keytlaw.com\/azllclaw\/ars-section-29-3704\/"},"author":{"name":"Katie Keyt","@id":"https:\/\/www.keytlaw.com\/azllclaw\/#\/schema\/person\/745ac248a7f18e1ef5455f0dcee1f591"},"headline":"ARS Section 29-3704 Known Claims Against Dissolved Limited Liability company","datePublished":"2018-05-09T17:36:36+00:00","dateModified":"2018-05-09T17:37:32+00:00","mainEntityOfPage":{"@id":"https:\/\/www.keytlaw.com\/azllclaw\/ars-section-29-3704\/"},"wordCount":351,"publisher":{"@id":"https:\/\/www.keytlaw.com\/azllclaw\/#organization"},"inLanguage":"en-US"},{"@type":"WebPage","@id":"https:\/\/www.keytlaw.com\/azllclaw\/ars-section-29-3704\/","url":"https:\/\/www.keytlaw.com\/azllclaw\/ars-section-29-3704\/","name":"ARS Section 29-3704 Known Claims Against Dissolved Limited Liability company - Arizona LLC Law","isPartOf":{"@id":"https:\/\/www.keytlaw.com\/azllclaw\/#website"},"datePublished":"2018-05-09T17:36:36+00:00","dateModified":"2018-05-09T17:37:32+00:00","description":"The complete text of Arizona Revised Statutes Section 29-3704 of Arizona's new LLC law that is effective September 1, 2019.","breadcrumb":{"@id":"https:\/\/www.keytlaw.com\/azllclaw\/ars-section-29-3704\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/www.keytlaw.com\/azllclaw\/ars-section-29-3704\/"]}]},{"@type":"BreadcrumbList","@id":"https:\/\/www.keytlaw.com\/azllclaw\/ars-section-29-3704\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/www.keytlaw.com\/azllclaw\/"},{"@type":"ListItem","position":2,"name":"ARS Section 29-3704 Known Claims Against Dissolved Limited Liability company"}]},{"@type":"WebSite","@id":"https:\/\/www.keytlaw.com\/azllclaw\/#website","url":"https:\/\/www.keytlaw.com\/azllclaw\/","name":"Arizona LLC Law","description":"Information about Forming &amp; Operating Arizona LLCs","publisher":{"@id":"https:\/\/www.keytlaw.com\/azllclaw\/#organization"},"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/www.keytlaw.com\/azllclaw\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Organization","@id":"https:\/\/www.keytlaw.com\/azllclaw\/#organization","name":"KEYTLaw, LLC","url":"https:\/\/www.keytlaw.com\/azllclaw\/","logo":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.keytlaw.com\/azllclaw\/#\/schema\/logo\/image\/","url":"https:\/\/www.keytlaw.com\/azllclaw\/wp-content\/uploads\/logo.png","contentUrl":"https:\/\/www.keytlaw.com\/azllclaw\/wp-content\/uploads\/logo.png","width":500,"height":500,"caption":"KEYTLaw, LLC"},"image":{"@id":"https:\/\/www.keytlaw.com\/azllclaw\/#\/schema\/logo\/image\/"},"sameAs":["http:\/\/www.facebook.com\/keytlaw","https:\/\/x.com\/azestateplanner","http:\/\/www.linkedin.com\/pub\/richard-keyt\/5\/a88\/a30\/","https:\/\/www.youtube.com\/user\/keytlaw"],"description":"We are Arizona attorneys who have formed 9,000+ Arizona LLCs. We also prepare wills, trusts and estate plans to protect our clients' most valuable assets - their loved ones.","email":"rk@keytlaw.com","telephone":"480-664-7478","legalName":"KEYTLaw, LLC","foundingDate":"2001-06-01","numberOfEmployees":{"@type":"QuantitativeValue","minValue":"1","maxValue":"10"}},{"@type":"Person","@id":"https:\/\/www.keytlaw.com\/azllclaw\/#\/schema\/person\/745ac248a7f18e1ef5455f0dcee1f591","name":"Katie Keyt","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/secure.gravatar.com\/avatar\/27473fcc2aeeb1cb4aa844b67e98292565cfcf7616d1b87cbaf6016598007ed8?s=96&d=mm&r=g","url":"https:\/\/secure.gravatar.com\/avatar\/27473fcc2aeeb1cb4aa844b67e98292565cfcf7616d1b87cbaf6016598007ed8?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/27473fcc2aeeb1cb4aa844b67e98292565cfcf7616d1b87cbaf6016598007ed8?s=96&d=mm&r=g","caption":"Katie Keyt"}}]}},"_links":{"self":[{"href":"https:\/\/www.keytlaw.com\/azllclaw\/wp-json\/wp\/v2\/pages\/10052","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.keytlaw.com\/azllclaw\/wp-json\/wp\/v2\/pages"}],"about":[{"href":"https:\/\/www.keytlaw.com\/azllclaw\/wp-json\/wp\/v2\/types\/page"}],"author":[{"embeddable":true,"href":"https:\/\/www.keytlaw.com\/azllclaw\/wp-json\/wp\/v2\/users\/158"}],"replies":[{"embeddable":true,"href":"https:\/\/www.keytlaw.com\/azllclaw\/wp-json\/wp\/v2\/comments?post=10052"}],"version-history":[{"count":0,"href":"https:\/\/www.keytlaw.com\/azllclaw\/wp-json\/wp\/v2\/pages\/10052\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.keytlaw.com\/azllclaw\/wp-json\/wp\/v2\/media?parent=10052"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}