§ 17-16-1420 — Grounds for administrative dissolution

Wyoming § 17-16-1420

• Jurisdiction: Wyoming
• Title 17: Corporations, Partnerships and Associations
• Ch. 16: WYOMING BUSINESS CORPORATION ACT
• Art. 14: DISSOLUTION

Text

(a) The secretary of state may commence a proceeding under
W.S. 17-16-1421 to administratively dissolve a corporation if
any of the following has occurred:
(i) The corporation does not deliver its annual
reports or pay the annual license taxes to the secretary of
state when due pursuant to W.S. 17-16-1630;
(ii) Reserved;
(iii) The corporation is without a registered agent
or registered office in this state;
(iv) The corporation does not notify the secretary of
state within thirty (30) days that its registered agent or
registered office has been changed, that its registered agent
has resigned, or that its registered office has been
discontinued;
(v) The corporation's period of duration stated in
its articles of incorporation expires;
(vi) It is in the public interest and the
corporation:
(A) Failed to provide records to the registered
agent as required in W.S. 17-28-107;
(B) Has provided fraudulent information or has
failed to correct false information upon request of the
secretary of state on any filing under this act with the
secretary of state;
(C) Cannot be served by either the secretary of
state or the registered agent at its address provided pursuant
to W.S. 17-28-107;
(D) Is owned or controlled by a foreign
government or foreign nongovernment person determined to be a
foreign adversary by the United States secretary of commerce and
specified in 15 C.F.R. 791.4(a) or a successor regulation,
except if the ownership or control has been approved by the
committee on foreign investment in the United States; or
(E) Has provided false or fraudulent information
to the registered agent, as determined by the secretary of state
during or following an examination of records pursuant to W.S.
17-28-108 or following notification by the registered agent.
(vii) An incorporator, director, officer or agent of
the corporation signed a document he knew was false in any
material respect with intent that the document be delivered to
the secretary of state for filing;
(viii) The corporation has failed to respond to a
valid and enforceable subpoena;
(ix) The corporation is in violation of W.S.
17-16-401(d)(v) or 17-16-1506(d)(v);
(x) The corporation has failed to pay any penalties
imposed under W.S. 17-28-109.
(b) Prior to commencing a proceeding under W.S. 17-16-1421
the secretary of state may classify a corporation as delinquent
awaiting administrative dissolution if the corporation meets any
of the criteria in subsection (a) of this section.