Wisconsin Statutes 181.1420 – Grounds for administrative dissolution
Current as of: 2023 | Check for updates
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The department may bring a proceeding under s. 181.1421 to administratively dissolve a corporation if any of the following occurs:
Terms Used In Wisconsin Statutes 181.1420
- 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.
- Following: when used by way of reference to any statute section, means the section next following that in which the reference is made. See Wisconsin Statutes 990.01
- State: when applied to states of the United States, includes the District of Columbia, the commonwealth of Puerto Rico and the several territories organized by Congress. See Wisconsin Statutes 990.01
- Year: means a calendar year, unless otherwise expressed; "year" alone means "year of our Lord". See Wisconsin Statutes 990.01
(1) Nonpayment. The corporation does not pay, within one year after they are due, any fees or penalties due the department under this chapter.
(2) Failure to file annual report. The corporation does not have on file its annual report with the department within one year after it is due.
(3) Failure to maintain registered agent or office. The corporation is without a registered agent or registered office in this state for at least one year.
(4) Failure to notify department of change. The corporation does not notify the department within one year that its registered agent or registered office has been changed, that its registered agent has resigned or that its registered office has been discontinued.
(6) Duration expires. The corporation’s period of duration stated in its articles of incorporation expires.