Generally, the Secretary of State May Commence an Administrative Proceeding

question 20

Multiple Choice

Generally, the secretary of state may commence an administrative proceeding to dissolve a corporation when the corporation:

• A) does not pay franchise taxes or penalties immediately when due.
• B) does not deliver its annual report within ten days after it is due.
• C) is without a registered agent in the state for more than 60 days.
• D) is not making enough profit to pay dividends to its shareholders.

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Definitions:

Service Bay

A designated area within a garage or workshop where vehicles are repaired or maintained.

Torque

A measurement of twisting force.

Force

An influence that causes an object to undergo a specific change, either concerning its motion, direction, or geometrical construction.

Radius

The distance from the center of a circle to any point on its circumference, or a straight line extending from the center to the circumference.