The secretary of state may commence a proceeding to dissolve a limited liability company administratively if the company does not:

(1) Pay any fees, taxes, or penalties imposed by this chapter or other law within sixty days after they are due; or

Need help with a review of an LLC operating agreement?
Have it reviewed by a lawyer, get answers to your questions and move forward with confidence.
Connect with a lawyer now

(2) Deliver its annual report to the secretary of state within sixty days after it is due.

Source: SL 1998, ch 272, § 809.