SEC. 79-11-347. Administrative dissolution by Secretary of State, grounds for.
The Secretary of State may commence a proceeding under Section 79-11-349 to adminstratively dissolve a corporation if:
(a) The corporation does not pay within sixty (60) days after they are due any taxes or penalties imposed by Sections 79-11-101 et seq. or other law;
(b) The corporation does not deliver a requested status report to the Secretary of State within sixty (60) days after it is due;
(c) The corporation is without a registered agent or registered office in this state for sixty (60) days or more;
(d) The corporation does not notify the Secretary of State within one hundred twenty (120) days that its registered agent or registered office has been changed, that its registered agent has resigned or that its registered office has been discontinued; or
(e) The corporation's period of duration, if any, stated in its articles of incorporation expires.
SOURCES: Laws, 1987, ch. 485, Sec. 124, eff from and after January 1, 1988.