Iowa Code 489.708 – Grounds for administrative dissolution
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The secretary of state may commence a proceeding under section 489.709 to dissolve a limited liability company administratively, if any of the following apply:
1. The limited liability company does not pay within sixty days after they are due any fees, taxes, interest, or penalties imposed by this chapter or other laws of this state.
Terms Used In Iowa Code 489.708
- Certificate of organization: means the certificate required by section 489. See Iowa Code 489.102
- following: when used by way of reference to a chapter or other part of a statute mean the next preceding or next following chapter or other part. See Iowa Code 4.1
- Registered agent: means an agent of a limited liability company or foreign limited liability company which is authorized to receive service of any process, notice, or demand required or permitted by law to be served on the company. See Iowa Code 489.102
- State: means a state of the United States, the District of Columbia, Puerto Rico, the United States Virgin Islands, or any territory or insular possession subject to the jurisdiction of the United States. See Iowa Code 489.102
2. The limited liability company does not deliver its biennial report required by section 489.211A to the secretary of state within sixty days after it is due.
3. The limited liability company is without a registered agent or the registered agent does not have a place of business in this state for sixty days or more.
4. The secretary of state has not been notified within sixty days that the limited liability company’s registered agent or place of business of the registered agent has been changed, or that its registered agent has resigned, or that its registered office has been discontinued.
5. The limited liability company’s period of duration stated in its certificate of organization expires.