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§1112.__Grounds for administrative dissolution |
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| | | Notwithstanding Title 4, chapter 5 and Title 5, chapter 375, | | the Secretary of State may commence a proceeding under section | | 1113 to administratively dissolve a corporation if: |
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| | | 1.__Nonpayment of fees or penalties.__The corporation does not | | pay when they are due any fees or penalties imposed by this Title | | or other law; |
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| | | 2.__Failure to file annual report.__The corporation does not | | deliver its annual report to the Secretary of State as required | | by section 1301; |
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| | | 3.__Failure to pay late filing penalty.__The corporation does | | not pay the annual report late filing penalty as required by | | section 1302; |
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| | | 4.__Failure to maintain registered agent or registered office.__ | | The corporation fails to appoint or maintain a registered agent | | or registered office in this State as required by section 304; |
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| | | 5.__Failure to notify of change of registered agent or | | registered office.__The corporation does not notify the Secretary | | of State that its registered agent or registered office has been | | changed or that its registered agent has resigned as required by | | section 305; or |
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| | | 6.__Filing of false information.__An incorporator, director, | | officer or agent of the corporation signed a document with the | | knowledge that the document was false in a material respect and | | with the intent that the document be delivered to the Secretary | | of State for filing. |
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| | | §1113.__Procedure for and effect of administrative dissolution |
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| | | 1.__Notice of determination to administratively dissolve | | corporation.__If the Secretary of State determines that one or | | more grounds exist under section 1112 for dissolving a | | corporation, the Secretary of State shall issue a written notice | | of that determination to the corporation's last registered office | | address. |
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| | | 2.__Administrative dissolution.__The corporation is | | administratively dissolved if within 60 days after the notice | | under subsection 1 was issued the Secretary of State determines | | that the corporation has failed to correct the ground or grounds | | for the dissolution. The Secretary of State shall send notice to |
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