2011 Idaho Code
TITLE 30 CORPORATIONS
CHAPTER 6 IDAHO UNIFORM LIMITED LIABILITY COMPANY ACT
PART 7. DISSOLUTION AND WINDING UP
30-6-705 GROUNDS FOR ADMINISTRATIVE DISSOLUTION, PROCEDURE AND EFFECT.

30-6-705. Grounds for administrative dissolution, procedure and effect. (1) The secretary of state may administratively dissolve a limited liability company if:

(a) The limited liability company does not deliver its annual report to the secretary of state by the date on which it is due;

(b) The limited liability company is without a registered agent for sixty (60) days or more; or

(c) The secretary of state has credible information that the limited liability company has failed to notify the secretary of state within sixty (60) days after the occurrence that its registered agent has been changed or that its registered agent has resigned.

(2) If the secretary of state determines that one (1) or more grounds exist under this section for dissolving a limited liability company, the secretary of state shall give notice of the determination to the limited liability company by first class mail addressed to its mailing address as indicated on its most recent annual report or, if the limited liability company has not yet filed an annual report, to its registered agent.

(3) If the limited liability company 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 limited liability company 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 limited liability company by first class mail addressed to its mailing address as indicated on its most recent annual report or, if the limited liability company has not yet filed an annual report, to its registered agent.

(4) A limited liability company administratively dissolved continues its legal existence but may not carry on any business except that necessary to wind up and liquidate its business and affairs under sections 30-6-702 and 30-6-708, Idaho Code, and notify claimants under sections 30-6-703 and 30-6-704, Idaho Code.

(5) The administrative dissolution of a limited liability company does not terminate the authority of its registered agent.