REPEALED IN THE 2019 REGULAR SESSION BY ACT 2019-94 EFFECTIVE JANUARY 1, 2020. THIS IS NOT IN THE CURRENT CODE SUPPLEMENT.
The Secretary of State may commence a proceeding under Section 10A-2-14.21 to administratively dissolve a corporation if:
(1) The corporation does not pay within six months after they are due any franchise taxes or penalties imposed by this chapter or other law;
(2) The corporation does not deliver its annual report to the Secretary of State within six months after it is due;
(3) The corporation is without a registered agent or registered office in this state for 60 days or more;
(4) The corporation does not notify the Secretary of State within 60 days that its registered agent or registered office has been changed, that its registered agent has resigned, or that its registered office has been discontinued; or
(5) The corporation's period of duration stated in its articles of incorporation expires.
Structure Code of Alabama
Title 10A - Alabama Business and Nonprofit Entities Code.
Chapter 2 - Business Corporations.
Division B - Administrative Dissolution.
Section 10A-2-14.20 - Grounds for Administrative Dissolution.
Section 10A-2-14.21 - Procedure for and Effect of Administrative Dissolution.
Section 10A-2-14.22 - Reinstatement Following Administrative Dissolution.