Section 805 ILCS 180/25-45 - Known claims against dissolved limited liability company(a) A dissolved limited liability company may dispose of the known claims against it by following the procedure described in this Section.(b) A dissolved limited liability company shall notify its known claimants in writing of the dissolution. The notice must: (1) specify the information required to be included in a claim;(2) provide a mailing address where the claim is to be sent;(3) state the deadline for receipt of the claim, which may not be less than 120 days after the date the written notice is received by the claimant; and(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:(1) the claim is not received by the specified deadline; or(2) in the case of a claim that is timely received but rejected by the dissolved company, the claimant does not commence a proceeding to enforce the claim within 90 days after the receipt of the notice of the rejection.(d) For purposes of this Section, the term "claim" does not include a contingent liability or a claim based on an event occurring after the effective date of dissolution. P.A. 90-424, eff. 1/1/1998.