Sec. 10.20.325. Grounds for involuntary dissolution.

156 words·~1 min read·/ak/title-10/chapter-20/10-20-325·

A research copy — for the controlling text, always check the official state or federal source. Not legal advice.

A corporation may be dissolved involuntarily by the commissioner when it is established that

(1)the corporation has failed to file its biennial report within the time required by this chapter;

(2)the corporation procured its articles of incorporation through fraud;

(3)the corporation has continued to exceed or abuse the authority conferred upon it by law;

(4)the corporation has failed for 30 days to appoint and maintain a registered agent in the state;

(5)the corporation has failed for 30 days after change of its registered office or registered agent to file in the office of the commissioner a statement of the change;

(6)the corporation has failed, within the time required by this chapter, to revoke or complete a plan of voluntary dissolution; or

(7)the corporation is 90 days delinquent in filing a notice of change of an officer or director as required by this chapter.