Note: This version of section effective until 1-1-2018. See also following repeal of this chapter, effective 1-1-2018.
- (1) or more grounds exist under section 1 of this chapter for dissolving a corporation, the secretary of state shall serve the corporation with written notice of the determination under IC 23-1-24-4 unless the secretary of state:
- (1) receives a receipt showing failure of service of process upon the corporation's registered agent at the address of the registered office; and
- (2) determines that the secretary of state's office has no record of the corporation's principal office address.
- (b) If the corporation does not correct each ground for dissolution or demonstrate to the reasonable satisfaction of the secretary of state that each ground determined by the secretary of state does not exist within sixty (60) days after service of the notice is perfected under IC 23-1-24-4 , the secretary of state shall administratively dissolve the corporation by signing a certificate of dissolution that recites the ground or grounds for dissolution and its effective date. The secretary of state shall file the original of the certificate and serve a copy on the corporation under IC 23-1-24-4 .
- (c) A corporation administratively dissolved continues its corporate existence but may not carry on any business except that necessary to wind up and liquidate its business and affairs under IC 6-8.1-10-9 and IC 23-1-45-5 and notify claimants under IC 23-1-45-6 and IC 23-1-45-7 .
- (d) The administrative dissolution of a corporation does not terminate the authority of its registered agent.
Sec. 2. (a) If the secretary of state determines that one
As added by P.L.149-1986, SEC.30. Amended by P.L.73-1988, SEC.2; P.L.63-2014, SEC.5.