47-1A-1420. Grounds for administrative dissolution.
129 words·~1 min read·
/sd/title-47/chapter-47-1/47-1a-1420·A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
The Office of the Secretary of State may commence a proceeding under § 47-1A-1421 to administratively dissolve a corporation if:
(1)The corporation does not pay within sixty days after they are due any filing fees or penalties imposed by this chapter or other law;
(2)The corporation does not deliver its annual report to the Office of the Secretary of State within sixty days after it is due;
(3)The corporation is without a registered agent in this state for sixty days or more;
(4)The corporation does not notify the Office of the Secretary of State within sixty days that its registered agent has been changed or that its registered agent has resigned; or
(5)The corporation's period of duration stated in its articles of incorporation expires.