The Secretary of State may commence a proceeding under § 4-33-1421 to administratively dissolve a corporation if:
(1) the corporation does not pay within sixty (60) days after they are due any taxes or penalties imposed by this chapter;
(2) the corporation is without a registered agent in this state for one hundred twenty (120) days or more;
(3) the corporation does not notify the Secretary of State within one hundred twenty (120) days that its registered agent has been changed or has resigned;
(4) the corporation's period of duration, if any, stated in its articles of incorporation expires; or
(5) the corporation does not file the annual disclosure statement required under § 4-33-131 within sixty (60) days after it is due.
Structure Arkansas Code
Title 4 - Business and Commercial Law
Subtitle 3 - Corporations and Associations
Chapter 33 - The Arkansas Nonprofit Corporation Act of 1993
Part B - Administrative Dissolution
§ 4-33-1420. Grounds for administrative dissolution
§ 4-33-1421. Procedure for and effect of administrative dissolution
§ 4-33-1422. Reinstatement following administrative dissolution