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Section 809. Grounds for Administrative Dissolution

The [Secretary of State] may commence a proceeding to dissolve a limited liability company administratively if the company does not:

(1) pay any fees, taxes, or penalties imposed by this [Act] or other law within 60 days after they are due; or

(2) deliver its annual report to the [Secretary of State] within 60 days after it is due.

Comment

Administrative dissolution is an effective enforcement mechanism for a variety of statutory obligations under this Act and it avoids the more expensive judicial dissolution process. When applicable, administrative dissolution avoids wasteful attempts to compel compliance by a company abandoned by its members.
 
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