Sec. 34-107. Failure to file report. Incorrect report.
Sec. 34-107. Failure to file report. Incorrect report. (a) Any limited liability
company required to file an annual report as provided in section 34-106, which fails to
file its annual report before the due date thereof, shall be in default in respect thereof
until the same is filed.
(b) The Secretary of the State shall not accept for filing a report from a limited
liability company until any default for failure to file any prior report is cured. If the
Secretary of the State finds that any annual report received from a limited liability company does not conform to law, he may return it to the limited liability company for
correction. If the report is returned for correction and is not received by the Secretary
of the State in corrected form on or before the due date thereof, the limited liability
company shall be in default for failure to file its report. If the report is returned for failure
to file any previous report and is not returned with any such previous report on or before
the due date of the current report, the limited liability company shall be in default for
failure to file two reports.
(P.A. 94-217, S. 25, 40; P.A. 95-252, S. 33.)
History: P.A. 94-217 effective January 1, 1995; P.A. 95-252 deleted Subsec. (c) that had required the Secretary of the
State to effect the dissolution by forfeiture of a limited liability company that is in default of filing its annual report.