706.1 If a domestic entity required to file a biennial report under § 702 fails to file a timely biennial report, the failure to timely file shall be grounds for administrative dissolution of the domestic entity by the Superintendent.

706.2 If a foreign entity required to file a biennial report under § 702 fails to file a timely biennial report, the failure to timely file shall be grounds for the termination of the foreign entity's registration by the Superintendent.

SOURCE: Final Rulemaking published at 60 DCR 13139 (September 20, 2013).