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2018 South Carolina Code of Laws
Title 33 - Corporations, Partnerships and Associations
CHAPTER 31 - SOUTH CAROLINA NONPROFIT CORPORATION ACT
Section 33-31-1420. Grounds for administrative dissolution.
Universal Citation: SC Code § 33-31-1420 (2018)
The Secretary of State may commence a proceeding under Section 33-31-1421 to administratively dissolve a corporation if the:
(1) corporation does not deliver a report of change of principal office when due;
(2) corporation is without a registered agent or registered office in this State;
(3) corporation does not notify the Secretary of State that its registered agent or registered office has been changed, that its registered agent has resigned, or that its registered office has been discontinued;
(4) corporation's period of duration, if any, stated in its articles of incorporation expires; or
(5) corporation has been adjudicated bankrupt pursuant to Chapter 7 of the United States Bankruptcy Code.
HISTORY: 1994 Act No. 384, Section 1.
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