Grounds for Administrative Dissolution

Grounds for Administrative Dissolution. (a) The Registrar of Corporations may commence a proceeding under 4 CMC § 4612 to administratively dissolve a corporation if: (1) The corporation does not pay within 60 days after they are due any fees or penalties imposed by this part or other law; (2) The corporation does not deliver its annual report to the Registrar of Corporations for 60 days or more; (3) The corporation is without a registered agent, or registered agent or registered office in the Commonwealth for 60 days or more; (4) The corporation does not notify the Registrar of Corporations within 60 days that its registered agent or registered office has been changed, that its registered agent has resigned, or that its registered office has been discontinued; or (5) The corporation’s period of duration stated in its articles of incorporation expires. Source: PL 10-7, § 1 (Bus. Corp. Reg. § 14.20).