Pennsylvania Consolidated & Unconsolidated Statutes
Chapter 3 - Entity Transactions
Section 381 - Grounds for administrative dissolution or cancellation


(a) General rule.--The department may commence a proceeding under section 382 (relating to procedure and effect) to administratively dissolve a domestic filing entity or cancel the statement of registration of a domestic limited liability partnership or the statement of election of an electing partnership that is not also a limited partnership if the entity does not deliver an annual report to the department within six months after the annual report is due.
(b) Transitional provision.--Subsection (a) applies with respect to annual reports due on or after January 4, 2027.

Cross References. Section 381 is referred to in section 382 of this title.

Structure Pennsylvania Consolidated & Unconsolidated Statutes

Pennsylvania Consolidated & Unconsolidated Statutes

Title 15 - CORPORATIONS AND UNINCORPORATED ASSOCIATIONS

Chapter 3 - Entity Transactions

Extra - Chapter Notes

Section 311 - Short title of chapter

Section 312 - Definitions

Section 313 - Relationship of chapter to other provisions of law

Section 314 - Regulatory conditions and required notices and approvals

Section 315 - Nature of transactions

Section 316 - Contents of plan

Section 317 - Contractual dissenters rights in entity transactions

Section 318 - Excluded entities and transactions

Section 319 - Party to plan or transaction

Section 320 - Submission of matters to interest holders

Section 321 - Approval by business corporation

Section 322 - Approval by nonprofit corporation

Section 323 - Approval by general partnership

Section 324 - Approval by limited partnership

Section 325 - Approval by limited liability company

Section 326 - Approval by professional association

Section 327 - Approval by business trust

Section 328 - Approval by unincorporated nonprofit association

Section 329 - Special treatment of interest holders

Section 330 - Alternative means of approval of transactions

Section 331 - Merger authorized

Section 332 - Plan of merger

Section 333 - Approval of merger

Section 334 - Amendment or abandonment of plan of merger

Section 335 - Statement of merger; effectiveness

Section 336 - Effect of merger

Section 341 - Interest exchange authorized

Section 342 - Plan of interest exchange

Section 343 - Approval of interest exchange

Section 344 - Amendment or abandonment of plan of interest exchange

Section 345 - Statement of interest exchange; effectiveness

Section 346 - Effect of interest exchange

Section 351 - Conversion authorized

Section 352 - Plan of conversion

Section 353 - Approval of conversion

Section 354 - Amendment or abandonment of plan of conversion

Section 355 - Statement of conversion; effectiveness

Section 356 - Effect of conversion

Section 361 - Division authorized

Section 362 - Plan of division

Section 363 - Approval of division

Section 364 - Division without interest holder approval

Section 365 - Amendment or abandonment of plan of division

Section 366 - Statement of division; effectiveness

Section 367 - Effect of division

Section 368 - Allocation of liabilities in division

Section 371 - Domestication authorized

Section 372 - Plan of domestication

Section 373 - Approval of domestication

Section 374 - Amendment or abandonment of plan of domestication

Section 375 - Statement of domestication; effectiveness

Section 376 - Effect of domestication

Section 381 - Grounds for administrative dissolution or cancellation

Section 382 - Procedure and effect

Section 383 - Reinstatement

Section 384 - Rejection of reinstatement