Procedure for Administrative Dissolution

The Division shall give written notice to the corporation’s registered office that one or more grounds exist for Administrative Dissolution. The notice shall be made by mail, postage prepaid, to the corporation’s registered office, or if the registered agent has agreed, by electronic mail. If the corporation does not correct each ground for dissolution or demonstrate to the reasonable satisfaction of the Division that each ground does not exist within 90 days after the date of the notice, the Division shall administratively dissolve the corporation.