Defaulting corporations: Duties of Secretary of State; revocation of charter and forfeiture of right to transact business.
1. The Secretary of State shall notify, by providing written notice to its resident agent, each corporation sole deemed in default pursuant to the provisions of this chapter. The notice:
(a) Must include a statement indicating the amount of the filing fee, penalties incurred and costs remaining unpaid.
(b) At the request of the resident agent, may be provided electronically.
2. On the first day of the first anniversary of the month following the month in which the filing was required, the charter of the corporation sole is revoked and its right to transact business is forfeited.
3. The Secretary of State shall compile a complete list containing the names of all corporations sole whose right to transact business has been forfeited.
4. The Secretary of State shall forthwith notify, by providing written notice to its resident agent, each corporation specified in subsection 3 of the forfeiture of its charter. The written notice:
(a) Must include a statement indicating the amount of the filing fee, penalties incurred and costs remaining unpaid.
(b) At the request of the resident agent, may be provided electronically.
Last modified: February 26, 2006