Grounds for administrative dissolution.

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47-34A-809. Grounds for administrative dissolution.

The secretary of state 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 sixty days after they are due; or

(2)Deliver its annual report to the secretary of state within sixty days after it is due.

Source: SL 1998, ch 272, §809.


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