(1) Each business trust by the anniversary date shall file a report with the Secretary of State accompanied by the annual fee.
(2) The report shall contain the following:
(a) The name of the business trust and the state or country under whose law it is formed;
(b) The names and addresses of its trustees;
(c) The street address of the registered office in this state and the name of the trust’s registered agent at that office;
(d) A mailing address to which the Secretary of State may mail notices;
(e) The category of the classification code as established by rule of the Secretary of State most closely designating the primary business activity of the business trust; and
(f) Any additional identifying information that the Secretary of State by rule may require.
(3) The annual report shall be on forms prescribed and furnished by the Secretary of State. The information contained in the annual report shall be current as of 30 days before the anniversary of the business trust.
(4) The Secretary of State shall mail the report form to any address shown for the business trust in the current records of the Office of the Secretary of State. The failure of the business trust to receive the report form from the Secretary of State shall not relieve the business trust of its duty to deliver a report as required by this section.
(5) If the Secretary of State finds the report conforms to the requirements of this section, the Secretary of State shall file the report.
(6) If the Secretary of State finds that the report does not conform to the requirements of this section, the Secretary of State shall return the report to the business trust. The business trust shall correct the annual report and return it to the Secretary of State within 45 days after the Secretary of State returns the report.
(7) If no report is filed by the reporting date or if no corrected report is filed within the 45-day period, the Secretary of State shall send to the business trust a final notice advising that no report has been filed and it is, therefore, assumed that the business trust is no longer active unless a report is filed within 45 days after the mailing of such final notice.
(8) Not less than 45 days after the date of mailing of the final notice provided for by subsection (7) of this section, the Secretary of State may assume and note on the records of the Secretary of State that the business trust is inactive. [Formerly 128.075; 1983 c.717 §29; 1985 c.351 §22; 1985 c.728 §82b; 1987 c.94 §130; 1987 c.843 §18; 1993 c.190 §17; 1995 c.215 §25; 2007 c.186 §17]
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