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New York Business Corporations Law Section 409 - Penalty For Failure To File; Cure

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  § 409. Penalty for failure to file; cure.
    1. Each  corporation which has failed to file its statement within the
  time required by this chapter after thirty days shall  be  shown  to  be
  past due on the records of the department of state.
    2. Each  corporation  which  has  failed to file its statement for two
  years shall be shown to be delinquent on the records of  the  department
  of state sixty days after a notice of delinquency has been mailed to the
  last  known  address  of  such  corporation.  Such  delinquency shall be
  removed from the records of the department of state upon the  filing  of
  the  current  statement  required  by section four hundred eight of this
  article, and the payment of a fine of two hundred fifty dollars.
    3. The notice of delinquency shall state the cure and  fine  for  such
  delinquency  as  determined  by  subdivision two of this section and the
  period during which such delinquency  shall  be  foreborne  without  the
  imposition of such fine.

Last modified: August 9, 2006