Ark. Code Ann. § 4-27-1420

Grounds for administrative dissolution. [Effective until May 1, 2021.]

Known as the Arkansas Business Corporation Act

The act spans §§ 4–4 (323 sections).

Applied in 2 court decisions — leading case Bullington v. Palangio (2001)

Most recently applied in Bullington v. Palangio (June 2001)

Acts 1987, No. 958, § 64-1408; 2007, No. 638, § 15.

The Secretary of State may commence a proceeding under § 4-27-1421 to administratively dissolve a corporation if:

(1) the corporation does not pay within sixty (60) days after they are due any franchise taxes or penalties imposed by this chapter or other law;

(2) the corporation does not deliver its annual franchise tax report to the Secretary of State within sixty (60) days after it is due;

(3) the corporation is without a registered agent in this state for sixty (60) days or more;

(4) the corporation does not notify the Secretary of State within sixty (60) days that its registered agent has been changed or has resigned; or

(5) the corporation's period of duration stated in its articles of incorporation expires.

Current official text: Arkansas General Assembly. Digitized from the UniCourt Code Improvement Commission public-domain capture. Reproduced from public-domain Arkansas statutes; confirm against the official source for the current text. Not legal advice.