Corporations that give notice of dissolution to creditors are afforded the same protection from future claims as the dissolving corporation that does not give notice.

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Corporations that give notice of dissolution to creditors can limit the time frame in which claims can be made against them, potentially reducing future liabilities, whereas a dissolving corporation that does not give notice may remain open to claims for a longer period.

Corporations That Give Notice of Dissolution to Creditors Are Afforded