Utah Code 16-10a-1420. Grounds for administrative dissolution
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The division may commence a proceeding under Section 16-10a-1421 for administrative dissolution of a corporation if:
(1) the corporation does not pay when they are due any taxes, fees, or penalties imposed by this chapter or other applicable laws of this state;
Terms Used In Utah Code 16-10a-1420
- Articles of incorporation: include :(4)(a) amended and restated articles of incorporation;(4)(b) articles of merger; and(4)(c) a document of a similar import to those described in Subsections (4)(a) and (b). See Utah Code 16-10a-102
- Corporation: A legal entity owned by the holders of shares of stock that have been issued, and that can own, receive, and transfer property, and carry on business in its own name.
- Deliver: includes delivery by mail or another means of transmission authorized by Section 16-10a-103, except that delivery to the division means actual receipt by the division. See Utah Code 16-10a-102
- Division: means the Division of Corporations and Commercial Code. See Utah Code 16-10a-102
- Notice: is a s provided in Section 16-10a-103. See Utah Code 16-10a-102
- Proceeding: includes :
(26)(a) a civil suit;(26)(b) arbitration or mediation; and(26)(c) a criminal, administrative, or investigatory action. See Utah Code 16-10a-102- State: when applied to the different parts of the United States, includes a state, district, or territory of the United States. See Utah Code 68-3-12.5
(2) the corporation does not deliver a corporate or annual report to the division when it is due;(3) the corporation is without a registered agent in this state for 30 days or more;(4) the corporation does not give notice to the division within 30 days that its registered agent has been changed or that its registered agent has resigned; or(5) the corporation’s period of duration stated in its articles of incorporation expires.