2005 Idaho Code - 30-3-115B — PROCEDURE FOR AND EFFECT OF ADMINISTRATIVE DISSOLUTION

                                  TITLE  30
                                 CORPORATIONS
                                  CHAPTER 3
                       IDAHO NONPROFIT CORPORATION ACT
    30-3-115B.  PROCEDURE FOR AND EFFECT OF ADMINISTRATIVE DISSOLUTION. (1) If
the secretary of state determines that one (1) or more grounds exist under
section 30-3-115A, Idaho Code, for dissolving a corporation, he shall give
notice of his determination to the corporation by first class mail addressed
to its mailing address as indicated on its most recent annual report or, if
the corporation has not yet filed an annual report, to its registered office.
    (2)  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 receipt of the notice of determination, the secretary of state
shall administratively dissolve the corporation by noting the fact of
dissolution and the effective date thereof in his records. The secretary of
state shall give notice of the dissolution to the corporation by first class
mail addressed to its mailing address as indicated on its most recent annual
report or, if the corporation has not yet filed an annual report, to its
registered office.
    (3)  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 section 30-3-113, Idaho Code, and
notify claimants under sections 30-3-114 and 30-3-115, Idaho Code.
    (4)  The administrative dissolution of a corporation does not terminate
the authority of its registered agent.