§ 105-230. Charter suspended for failure to report.
§ 105‑230. Chartersuspended for failure to report.
(a) If a corporation ora limited liability company fails to file any report or return or to pay anytax or fee required by this Subchapter for 90 days after it is due, theSecretary shall inform the Secretary of State of this failure. The Secretary ofState shall suspend the articles of incorporation, articles of organization, orcertificate of authority, as appropriate, of the corporation or limitedliability company. The Secretary of State shall immediately notify by mailevery domestic or foreign corporation or limited liability company so suspendedof its suspension. The powers, privileges, and franchises conferred upon thecorporation or limited liability company by the articles of incorporation, thearticles of organization, or the certificate of authority terminate uponsuspension.
(b) Any act performedor attempted to be performed during the period of suspension is invalid and ofno effect, unless the Secretary of State reinstates the corporation or limitedliability company pursuant to G.S. 105‑232. (1939, c. 158, ss. 901, 902;1957, c. 498; 1967, c. 823, s. 31; 1969, c. 965, s. 2; 1973, c. 476, s. 193;1987, c. 644, s. 1; 1989 (Reg. Sess., 1990), c. 1024, s. 19(a); 1993, c. 354,ss. 19, 20; 1998‑212, s. 29A.14(l); 2001‑387, s. 152.)