Section 47-1A-1420 - Grounds for administrative dissolution.
47-1A-1420. 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.