13.1-1064 - Penalty for failure to timely pay annual registration fees. - Virginia Statutes

§ 13.1-1064. Penalty for failure to timely pay annual registration fees.

A. Any domestic or foreign limited liability company that fails to pay theannual registration fee into the state treasury within the time prescribed in§ 13.1-1062 shall incur a penalty of $25, which shall be added to the amountof the annual registration fee due. The penalty prescribed herein shall be inaddition to any other penalty or liability imposed by law.

B. The Commission shall mail to each domestic and foreign limited liabilitycompany that fails to pay the annual registration fee within the timeprescribed in § 13.1-1062 a notice of assessment of the penalty imposedherein and of the impending cancellation of its existence or certificate ofregistration, as the case may be.

(1991, c. 168; 1997, c. 190; 2000, c. 52; 2004, cc. 274, 601; 2005, c. 255;2008, c. 108.)