§ 55A-14-21. Procedure for and effect of administrative dissolution. - North Carolina Statutes

§55A‑14‑21.  Procedure for and effect of administrative dissolution.

(a)        If the Secretary ofState determines that one or more grounds exist under G.S. 55A‑14‑20for dissolving a corporation, the Secretary of State shall mail the corporationwritten notice of the Secretary of State's determination.

(b)        If the corporationdoes not correct each ground for dissolution or demonstrate to the reasonablesatisfaction of the Secretary of State that each ground determined by theSecretary of State does not exist within 60 days after notice is mailed, theSecretary of State shall administratively dissolve the corporation by signing acertificate of dissolution that recites the ground or grounds for dissolutionand its effective date.  The Secretary of State shall file the original of thecertificate and mail a copy to the corporation.

(c)        The provisions ofG.S. 55A‑14‑06, 55A‑14‑07, and 55A‑14‑08apply to a corporation administratively dissolved.

(d)        The administrativedissolution of a corporation does not terminate the authority of its registeredagent. (1993, c. 398, s. 1.)