LD 1767
pg. 27
Page 26 of 54 An Act To Amend the Laws Relating to Corporations, Limited Partnerships, Limite... Page 28 of 54
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LR 2593
Item 1

 
§608-A.__Grounds for administrative dissolution of domestic

 
limited liability company

 
Notwithstanding Title 4, chapter 5 and Title 5, chapter 375,
the Secretary of State may commence a proceeding under section
608-B to administratively dissolve a domestic limited liability
company if:

 
1.__Nonpayment of fees or penalties.__The domestic limited
liability company does not pay when they are due any fees or
penalties imposed by this chapter or other law;

 
2.__Failure to file annual report.__The domestic limited
liability company does not deliver its annual report to the
Secretary of State as required by section 757;

 
3.__Failure to pay late filing penalty.__The domestic limited
liability company does not pay the annual report late filing
penalty as required by section 758;

 
4.__Failure to maintain registered agent or registered office.__
The domestic limited liability company fails to appoint or
maintain a registered agent or registered office in this State__
as required by section 607;

 
5.__Failure to notify of change of registered agent or
registered office.__The domestic limited liability company does
not notify the Secretary of State that its registered agent or
registered office has been changed or that its registered agent
has resigned as required by section 607.

 
6.__Filing of false information.__A member, manager or agent
of the domestic limited liability company signed a document with
the knowledge that the document was false in a material respect
and with the intent that the document be delivered to the
Secretary of State for filing.

 
§608-B.__Procedure for and effect of administrative dissolution

 
1.__Notice of determination to administratively dissolve
domestic limited liability company.__If the Secretary of State
determines that one or more grounds exist under section 608-A for
dissolving a domestic limited liability company, the Secretary of
State shall issue a written notice of that determination to the
limited liability company's last registered office address.

 
2.__Administrative dissolution.__The domestic limited
liability company is administratively dissolved if within 60 days
after the notice under subsection 1 was issued the Secretary of


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