LD 1767
pg. 9
Page 8 of 54 An Act To Amend the Laws Relating to Corporations, Limited Partnerships, Limite... Page 10 of 54
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LR 2593
Item 1

 
revoke a foreign corporations corporation's authority to carry on
activities in this State, for suspending domestic corporations. A
foreign corporation whose authority to carry on activities in this
State has been revoked under this subsection that wishes to carry
on activities again in this State must be authorized as provided in
section 1202. A domestic corporation that has been suspended under
this subsection may be reinstated by filing the current annual
report and by paying the penalty accrued. A domestic corporation
that has been administratively dissolved under section 1113 must
follow the requirements set forth in section 1114 to reinstate.

 
2. Nonconformity. If the Secretary of State finds that an
annual report of a domestic or foreign corporation delivered for
filing does not conform with the requirements of section 1301,
the Secretary of State may return the report for correction.

 
3. Excusable neglect. If the annual report of a domestic or
foreign corporation is not received by the Secretary of State
delivered for filing within the time specified in section 1301,
the corporation is excused from the liability provided in this
section and from any other penalty for failure to timely file the
report if it establishes, to the satisfaction of the Secretary of
State, that its failure to file was the result of excusable
neglect and it furnishes the Secretary of State a copy of that
the report within 30 days after it learns of the nondelivery of
that the Secretary of State failed to receive the original
report.

 
4. Notice to Attorney General in case of public benefit
corporation. In the case of a public benefit corporation, the
Secretary of State shall notify the Attorney General of the
suspension administrative dissolution of the corporation's
authority to carry on activities under subsection 1 corporation
under this section.

 
Sec. 8. 13-B MRSA §1401, sub-§26, as amended by PL 1993, c. 316, §46,
is repealed and the following enacted in its place:

 
26.__Issuing certificate.__For issuing a certificate of
existence, certificate of authority or certificate of fact as
provided by section 111 or 1306, $10 per certificate;

 
Sec. 9. 13-B MRSA §1401, sub-§31, as repealed and replaced by PL 1993,
c. 349, §37, is amended to read:

 
31. Annual report. Annual report of a domestic or foreign
corporation as provided by section 1301 or an amended annual
report provided by section 1301-C, $20;


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