355.711. Procedure, effect of administrative dissolution. - Missouri Statutes

Procedure, effect of administrative dissolution.

355.711. 1. Upon determining that one or more groundsexist under section 355.706 for dissolving a corporation, thesecretary of state shall serve the corporation with writtennotice of that determination under section 355.176.

2. If the corporation does not correct each ground fordissolution or demonstrate to the reasonable satisfaction of thesecretary of state that each ground determined by the secretaryof state does not exist within at least sixty days after serviceof the notice is perfected under section 355.176, the secretaryof state may administratively dissolve the corporation by signinga certificate of dissolution that recites the ground or groundsfor dissolution and its effective date. The secretary of stateshall file the original of the certificate and serve a copy onthe corporation under section 355.176, and in the case of apublic benefit corporation shall notify the attorney general inwriting.

3. A corporation administratively dissolved continues itscorporate existence but may not carry on any activities exceptthose necessary to wind up and liquidate its affairs undersection 355.691 and notify its claimants under sections 355.696and 355.701.

4. The administrative dissolution of a corporation does notterminate the authority of its registered agent.

5. The corporate name is not available for use by othersfor a period of two years from the effective date of itsadministrative dissolution.

(L. 1994 H.B. 1095)

Effective 7-1-95