HomeMy WebLinkAbout[IV] General Law - Part I, Title XXII, Chapter 156D, Section 14.21Part I ADMINISTRATION OF THE
GOVERNMENT
Title
XXII
CORPORATIONS
Chapter
156D
BUSINESS CORPORATIONS
Section
14.21
PROCEDURE FOR AND EFFECT OF
ADMINISTRATIVE DISSOLUTION
Section 14.21. PROCEDURE FOR AND EFFECT OF
ADMINISTRATIVE DISSOLUTION
(a) If the secretary of state determines that one or more grounds exist
under section 14.20 for dissolving a corporation, he shall notify the
corporation's registered agent of his determination. The notice shall be in
writing and mailed postage prepaid to the corporation's registered office,
or if the registered agent consents, sent by electronic mail to an electronic
mail address furnished by the agent for the purpose.
(b) If the corporation does not correct each ground for dissolution or
demonstrate to the reasonable satisfaction of the secretary of state that
each ground determined by the secretary of state does not exist within 90
days after notice is given, the secretary of state shall administratively
General Law - Part I, Title XXII, Chapter 156D, Section 14.21 https://malegislature.gov/Laws/GeneralLaws/PartI/TitleXXII/Chapter156D/Section14.21
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dissolve the corporation.
(c) A corporation administratively dissolved continues its corporate
existence but may not carry on any business except that necessary to wind
up and liquidate its business and affairs under section 14.05 and notify
claimants under sections 14.06, 14.07 and 14.08.
(d) The administrative dissolution of a corporation does not terminate the
authority of its registered agent.
General Law - Part I, Title XXII, Chapter 156D, Section 14.21 https://malegislature.gov/Laws/GeneralLaws/PartI/TitleXXII/Chapter156D/Section14.21
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