§1-1442. Administrative termination

            A. Subject to Subsection B of this Section, the secretary of state shall terminate the existence of a corporation if, according to the records of the secretary of state, the corporation has failed for ninety consecutive days to do either of the following:

            (1) Comply with the requirements imposed by R.S. 12:1-501 concerning the continuous maintenance in this state of a registered office and registered agent.

            (2) File an annual report as required by R.S. 12:1-1621.

            B. The secretary of state shall give the corporation at least thirty days' written notice of the secretary's intention to terminate the corporation's existence under Subsection A of this Section. If the corporation eliminates the grounds for its termination before the end of the thirty-day notice period, the secretary of state shall not terminate the existence of the corporation.

            C. The secretary of state terminates the existence of a corporation under this Section by filing a certificate of termination that states the grounds for termination.

            Acts 2014, No. 328, §1, eff. Jan. 1, 2015; Acts 2015, No. 356, §1.