Public-domain · open source
OpenJurist

N.Y. Bus. Corp. Law § 409

Penalty for failure to file; cure

2015-04-24

§ 409. Penalty for failure to file; cure.\n 1. Each corporation which has failed to file its statement within the\ntime required by this chapter after thirty days shall be shown to be\npast due on the records of the department of state.\n 2. Each corporation which has failed to file its statement for two\nyears shall be shown to be delinquent on the records of the department\nof state sixty days after a notice of delinquency has been mailed to the\nlast known address of such corporation. Such delinquency shall be\nremoved from the records of the department of state upon the filing of\nthe current statement required by section four hundred eight of this\narticle, and the payment of a fine of two hundred fifty dollars.\n 3. The notice of delinquency shall state the cure and fine for such\ndelinquency as determined by subdivision two of this section and the\nperiod during which such delinquency shall be foreborne without the\nimposition of such fine.\n 4. This section shall not apply to corporations that have submitted a\nstatement pursuant to paragraph eight of section four hundred eight of\nthis chapter.\n

Official source: NYS Open Legislation (New York State Senate). Reproduced from public-domain New York statutes; confirm against the official source for the current text. Not legal advice.