B.  Administrative Dissolution

     §414-401  Grounds for administrative dissolution.  The department director may commence a proceeding under section 414-402 to administratively dissolve a corporation if the corporation fails to:

     (1)  Pay any fees prescribed by law;

     (2)  File its annual report for a period of two years;

     (3)  Appoint and maintain an agent for service of process as required; or

     (4)  File a statement of a change in the name of the agent as required under chapter 425R. [L 2000, c 244, pt of §1; am L 2002, c 130, §28; am L 2003, c 124, §8; am L 2009, c 55, §10]