Ariz. Rev. Stat. § 10-1407
B. The notice shall:
C. If the dissolved corporation publishes a newspaper notice in accordance with subsection B of this section, the claim of each of the following claimants is barred unless the claimant commences a proceeding to enforce the claim against the dissolved corporation within five years after the publication date of the newspaper notice or before the expiration of any other applicable limitations period, whichever is earlier:
D. A claim, including a contingent claim or a claim based on an event occurring after the effective date of dissolution, may be enforced under this section either: