The secretary of state may commence a proceeding under section 504A.87A to administratively dissolve a corporation if any of the following apply:
1. The corporation does not pay within sixty days after they are due any franchise taxes or penalties imposed by this chapter or other law.
2. The corporation has not delivered a biennial report to the secretary of state in a form that meets the requirements of section 504A.83, within sixty days after it is due.
3. The corporation is without a registered agent or registered office in this state for sixty days or more.
4. The corporation does not notify the secretary of state within sixty days that its registered agent or registered office has been changed, that its registered agent has resigned, or that its registered office has been discontinued.
5. The corporation's period of duration stated in its articles of incorporation expires.
[C66, 71, 73, 75, 77, 79, 81, § 504A.87]
88 Acts, ch 1077, § 5; 89 Acts, ch 171, §11; 90 Acts, ch 1164, § 23, 24; 93 Acts, ch 109, § 12; 93 Acts, ch 126, § 27; 97 Acts, ch 171, §45
Previous Section 504A.86
Next Section 504A.87A
© 2004 Cornell College and League of Women Voters of Iowa
Comments about this site or page?
webmaster@legis.iowa.gov.
Please remember that the person listed above does not vote on bills. Direct all comments concerning legislation to State Legislators.
Last update: Thu Jan 15 10:49:41 CST 2004
URL: /DOCS/IACODE/2003SUPPLEMENT/504A/87.html
jhf