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Current as of January 01, 2024 | Updated by FindLaw Staff
The secretary of state may commence a proceeding under section 489.709 to dissolve a limited liability company administratively, if any of the following apply:
1. The limited liability company does not pay within sixty days after they are due any fees, taxes, interest, or penalties imposed by this chapter or other laws of this state.
2. The limited liability company does not deliver its biennial report required by section 489.209 to the secretary of state within sixty days after it is due.
3. The limited liability company is without a registered agent or the registered agent does not have a place of business in this state for sixty days or more.
4. The secretary of state has not been notified within sixty days that the limited liability company's registered agent or place of business of the registered agent has been changed, or that its registered agent has resigned, or that its registered office has been discontinued.
5. The limited liability company's period of duration stated in its certificate of organization expires.
Cite this article: FindLaw.com - Iowa Code Title XII. Business Entities [Chs. 486-504C] § 489.705. Grounds for administrative dissolution - last updated January 01, 2024 | https://codes.findlaw.com/ia/title-xii-business-entities-chs-486-504c/ia-code-sect-489-705/
FindLaw Codes may not reflect the most recent version of the law in your jurisdiction. Please verify the status of the code you are researching with the state legislature or via Westlaw before relying on it for your legal needs.
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