2005 Maine Code - §1113 — Procedure for and effect of administrative dissolution

      1. Notice of determination to administratively dissolve corporation. If the Secretary of State determines that one or more grounds exist under section 1112 for dissolving a corporation, the Secretary of State shall issue a written notice of that determination to the corporation's last registered office address.[2003, c. 631, §3 (new).]
      2. Administrative dissolution. The corporation is administratively dissolved if within 60 days after the notice under subsection 1 was issued the Secretary of State determines that the corporation has failed to correct the ground or grounds for the dissolution. The Secretary of State shall send notice to the corporation at its last registered office address that recites the ground or grounds for dissolution and the effective date of dissolution.[2003, c. 631, §3 (new).]
      3. Effect of administrative dissolution; prohibition. A corporation administratively dissolved continues its corporate existence but may not carry on any activities in this State except as necessary to wind up the activities of the corporation.[2003, c. 631, §3 (new).]
      4. Authority of registered agent. The administrative dissolution of a corporation does not terminate the authority of its registered agent.[2003, c. 631, §3 (new).]
      5. Protecting corporate name after administrative dissolution. The name of a corporation remains in the Secretary of State's record of corporate names and is protected for a period of 3 years following administrative dissolution.[2003, c. 631, §3 (new).]
      6. Notice to Attorney General in case of public benefit corporation. In the case of a public benefit corporation, the Secretary of State shall notify the Attorney General of the administrative dissolution of the corporation under this section.[2003, c. 631, §3 (new).]

Section History:

PL 2003,  Ch. 631,   §3 (NEW).