Administrative dissolution by Secretary of State, grounds for

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The Secretary of State may commence a proceeding under Section 79-11-349 to administratively dissolve a corporation if:

The corporation does not pay within sixty (60) days after they are due any taxes or penalties imposed by Section 79-11-101 et seq. or other law;

The corporation does not deliver a requested status report to the Secretary of State within sixty (60) days after it is due;

The corporation is without a registered agent in this state for sixty (60) days or more;

The corporation does not notify the Secretary of State within one hundred twenty (120) days that its registered agent has been changed or that its registered agent has resigned;

The corporation's period of duration, if any, stated in its articles of incorporation expires;

The corporation fails to report within the time period specified in Section 79-11-405 the suspension or revocation of its tax-exempt status under Section 501(c)(3) of the Internal Revenue Code; or

An incorporator, director, officer or agent of the corporation signed a document he knew was false in any material respect with intent that the document be delivered to the Secretary of State for filing.


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