§1301-C.__Amended annual report of domestic or foreign

corporation

1.__Amended annual report.__If the information contained in an annual report filed under section 1301 has changed, a corporation may, if it determines it to be necessary, deliver to the Secretary of State for filing an amended annual report to change the information on file.__The amended annual report must be executed as provided by section 1301, subsection 3.

2.__Contents.__The amended annual report must set forth:

A.__The name of the domestic or foreign corporation and the jurisdiction of its incorporation;

B.__The date on which the original annual report was filed; and

C.__The information that has changed and the date on which it changed.

3.__Period for filing.__An amended annual report may be filed by the corporation after the date of the original filing and until December 31st of that filing year.

Sec. 7. 13-B MRSA §1302, as amended by PL 2001, c. 550, Pt. C, §27 and affected by §29, is further amended to read:

§1302. Failure to file annual report; incorrect report; penalties

1. Failure to file annual report; penalty. Any A domestic or foreign corporation that is required to deliver an annual report for filing, as provided by section 1301, and that fails to deliver its properly completed annual report to the Secretary of State shall pay the sum of $10 for each failure to file on time , in addition to the regular annual report fee, the late filing penalty described in section 1401, subsection 34, as long as the report is received by the Secretary of State prior to administrative dissolution or revocation. Upon a corporation's failure to file the annual report and to pay the annual report fee and or the penalty, the Secretary of State, notwithstanding Title 4, chapter 5 and Title 5, chapter 375, shall revoke a foreign corporation's authority to carry on activities in this State and suspend administratively dissolve a domestic corporation from carrying on activities. The Secretary of State shall use the procedures set forth in section 1210, relative 1113 to administratively dissolve a domestic corporation and the procedures set forth in section 1210-B to revoking the right of