181.1420 Grounds for administrative dissolution. - Wisconsin Statutes

181.1420

181.1420 Grounds for administrative dissolution. The department may bring a proceeding under s. 181.1421 to administratively dissolve a corporation if any of the following occurs:

181.1420(1)

(1) Nonpayment. The corporation does not pay, within one year after they are due, any fees or penalties due the department under this chapter.

181.1420(2)

(2) Failure to file annual report. The corporation does not have on file its annual report with the department within one year after it is due.

181.1420(3)

(3) Failure to maintain registered agent or office. The corporation is without a registered agent or registered office in this state for at least one year.

181.1420(4)

(4) Failure to notify department of change. The corporation does not notify the department within one year that its registered agent or registered office has been changed, that its registered agent has resigned or that its registered office has been discontinued.

181.1420(5)

(5) Failure of domesticating corporation to file required notice. The corporation does not file a notice required under s. 181.1533 (5) (a) within one year of the date that it is required under s. 181.1533 (5) (a) to be filed.

181.1420(6)

(6) Duration expires. The corporation's period of duration stated in its articles of incorporation expires.

181.1420(7)

(7) Human trafficking. The corporation violates s. 940.302 (2) or 948.051 (2).

181.1420 - ANNOT.

History: 1997 a. 79; 2007 a. 116.