§414-401 - Grounds for administrative dissolution.
B. Administrative Dissolution
§414-401 Grounds for administrative dissolution. [Subsection effective until June 30, 2010. For section effective July 1, 2010, see below.] The department director may commence a proceeding under section 414-402 to administratively dissolve a corporation if the corporation fails to:
(1) Pay any fees prescribed by law;
(2) File its annual report for a period of two years;
(3) Appoint and maintain an agent for service of process as required; or
(4) File a statement of a change in the name or business address of the agent as required under this chapter. [L 2000, c 244, pt of §1; am L 2002, c 130, §28; am L 2003, c 124, §8]
§414-401 Grounds for administrative dissolution. [Subsection effective July 1, 2010. For section effective until June 30, 2010, see above.] The department director may commence a proceeding under section 414-402 to administratively dissolve a corporation if the corporation fails to:
(1) Pay any fees prescribed by law;
(2) File its annual report for a period of two years;
(3) Appoint and maintain an agent for service of process as required; or
(4) File a statement of a change in the name of the agent as required under chapter 425R. [L 2000, c 244, pt of §1; am L 2002, c 130, §28; am L 2003, c 124, §8; am L 2009, c 55, §10]