2017 Indiana Code
TITLE 23. Business and other Associations
ARTICLE 0.5. UNIFORM BUSINESS ORGANIZATIONS CODE
CHAPTER 6. Administrative Dissolution
23-0.5-6-2. Procedure for dissolution; winding up affairs; authority of registered agent

Effective 1-1-2018.

     Sec. 2. (a) If the secretary of state determines that one (1) or more grounds exist under section 1 of this chapter for administratively dissolving an entity, the secretary of state shall serve the entity with written notice of the determination unless the secretary of state:

(1) receives a receipt showing failure of service of process upon the entity'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 filing entity's principal office address.

     (b) If a domestic filing entity, not later than sixty (60) days after service of the notice required by subsection (a), does not cure or demonstrate to the satisfaction of the secretary of state the nonexistence of each ground determined by the secretary of state, the secretary of state shall administratively dissolve the entity by signing a statement of administrative dissolution that recites the grounds for dissolution and the effective date of dissolution. The secretary of state shall file the statement and serve a copy on the entity under IC 23-0.5-4-10.

     (c) A domestic filing entity that is dissolved administratively continues its existence as the same type of entity but may not carry on any activities except as necessary to wind up its activities and affairs and liquidate its assets in the manner provided in its organic law or to apply for reinstatement under section 3 of this chapter.

     (d) The administrative dissolution of a domestic filing entity does not terminate the authority of its registered agent.

As added by P.L.118-2017, SEC.5.