Administrative dissolution.

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47-24-13.1. Administrative dissolution.

The secretary of state may commence a proceeding under §47-24-13.2 to administratively dissolve a corporation if:

(1)The corporation does not pay within sixty days after they are due any fees or penalties imposed by chapters 47-22 to 47-28, inclusive, or other law;

(2)The corporation does not deliver its annual report to 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 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 1989, ch 393, §21; SL 2008, ch 275, §66.


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