414D-248 Grounds for administrative dissolution. The department director may commence a proceeding under section 414D-249 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 chapter 425R. [L 2001, c 105, pt of 1; am L 2002, c 130, 60; am L 2003, c 124, 32; am L 2009, c 55, 22]



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