(a) On or before January 31 of each year, the Secretary of State shall proclaim as forfeited the corporate charters or authorities, as the case may be, of all corporations, both domestic and foreign that according to the Secretary of State's records are delinquent in the payment of the annual franchise tax for a prior year.
(b) A copy of the proclamation, or applicable portion thereof, shall be furnished to each other official or agency of the state which is authorized to issue corporation charters or authorities. Upon their receipt of the proclamation, the several officials shall at once correct their respective records in accordance with the proclamation.
Section: Previous 26-54-102 26-54-103 26-54-104 26-54-105 26-54-107 26-54-108 26-54-109 26-54-110 26-54-111 26-54-112 26-54-113 26-54-114 NextLast modified: November 15, 2016