Grounds for administrative dissolution

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. Source: SL 2005, ch 239 , § 327; SL 2008, ch 275 , § 41.