Proofs of claims. (a) General rule.-- In a proceeding under this subchapter, the court may require all creditors of the
Pennsylvania Consolidated Statutes
Text
§ 5987. Proofs of claims. (a) General rule.-- In a proceeding under this subchapter, the court may require all creditors of the
nonprofit corporation to file with the office of the clerk of the court of common
pleas, or with the receiver, in such form as the court may prescribe, verified proofs
of their respective claims. If the court requires the filing of claims, it shall fix
a date, which shall not be less than 120 days from the date of the order, as the last
day for filing of claims and shall prescribe the notice that shall be given to creditors
and claimants of the date so fixed. Prior to or after the date so fixed, the court
may extend the time for the filing of claims. Creditors and claimants who do not file
proofs of claim on or before the date so fixed may be barred, by order of court, from
participating in the distribution of the assets of the corporation. (b) Cross reference.-- See section 5979 (relating to survival of remedies and rights after dissolution). (July 9, 2013, P.L.476, No.67, eff. 60 days) Cross References. Section 5987 is referred to in section 5979 of this title.