§ 17-19-1421 — Procedure for and effect of administrative dissolution

(a) Upon determining that one (1) or more grounds exist
under W.S. 17-19-1420 for dissolving a corporation, the
secretary of state shall serve the corporation with written
notice of that determination under W.S. 17-28-104. In the case
of a public benefit corporation the secretary of state shall
also notify the attorney general in writing.
(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 at least sixty (60) days after
service of the notice is perfected under W.S. 17-28-104, the
secretary of state may 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 W.S. 17-28-104, and in
the case of a public benefit corporation shall notify the
attorney general in writing.
(c) A corporation administratively dissolved continues its
corporate existence but may not carry on any activities except
those necessary to wind up and liquidate its affairs under W.S.
17-19-1406 and notify its claimants under W.S. 17-19-1407 and