The division may commence a proceeding under Section 16-10a-1421 for administrative dissolution of a corporation if:
(1)
the corporation does not pay when they are due any taxes, fees, or penalties imposed by this chapter or other applicable laws of this state;
Terms Used In Utah Code 16-10a-1420
Articles of incorporation: include :
(a)
amended and restated articles of incorporation;
(b)
articles of merger; and
(c)
a document of a similar import to those described in Subsections (4)(a) and (b). See Utah Code 16-10a-102
Corporation: A legal entity owned by the holders of shares of stock that have been issued, and that can own, receive, and transfer property, and carry on business in its own name.
Deliver: includes delivery by mail or another means of transmission authorized by Section 16-10a-103, except that delivery to the division means actual receipt by the division. See Utah Code 16-10a-102
Division: means the Division of Corporations and Commercial Code. See Utah Code 16-10a-102
State: when applied to the different parts of the United States, includes a state, district, or territory of the United States. See Utah Code 68-3-12.5
(2)
the corporation does not deliver a corporate or annual report to the division when it is due;
(3)
the corporation is without a registered agent in this state for 30 days or more;
(4)
the corporation does not give notice to the division within 30 days that its registered agent has been changed or that its registered agent has resigned; or
(5)
the corporation’s period of duration stated in its articles of incorporation expires.
