Grounds for Administrative Dissolution

4 CMC § 4909 — under Winding Up Company Business.

4 CMC § 4909

TITLE 4: ECONOMIC RESOURCES

DIVISION 4: CORPORATIONS, PARTNERSHIPS AND ASSOCIATIONS

§ 4909. Grounds for Administrative Dissolution. The Registrar of Corporations may commence a proceeding to dissolve a limited liability company administratively if the company does not: (1) Pay any fees, taxes, or penalties imposed by this Chapter or other law within 60 days after they are due; or (2) Deliver its annual report to the Registrar of Corporations within 60 days after it is due. Source: PL 14-11, § 2 (809). Commission Comment: See the comment to 4 CMC § 4801 regarding PL 14-11.