1. Nonpayment of fees or penalties. The corporation does not pay within 60 days after when they are due any fees or penalties imposed by this Act or other law;

2. Failure to file annual report. The corporation does not deliver its annual report to the Secretary of State within 60 days after it is due as required by section 1621;

3. Failure to pay late filing penalty. The corporation does not pay the annual report late filing penalty, if required, within 60 days after it is due as required by section 1622;

4. Failure to maintain clerk or registered office. The corporation is without fails to appoint or maintain a clerk or registered office in this State for 60 days or more as required by section 501;

5. Failure to notify of change of clerk or registered office. The corporation does not notify the Secretary of State within 60 days that its clerk or registered office has been changed, or that its clerk has resigned or that its registered office has been discontinued as required by section 501; or

Sec. 25. 13-C MRSA §1421, sub-§§2 and 3, as enacted by PL 2001, c. 640, Pt. A, §2 and affected by Pt. B, §7, are amended to read:

2. Administrative dissolution. If a The corporation does not correct each ground for dissolution or demonstrate to the reasonable satisfaction of the Secretary of State that each ground determined by the Secretary of State does not exist is administratively dissolved if within 60 days after service of the notice under subsection 1 was issued and is perfected under section 502, the Secretary of State shall administratively dissolve the corporation by issuing a notice of dissolution determines that the corporation has failed to correct the ground or grounds for the dissolution.__The Secretary of State shall send notice to the corporation at its last registered office address that recites the ground or grounds for dissolution and the effective date of dissolution. The Secretary of State shall use the procedures set forth in section 502 to send notice to the corporation.

3. Effect of administrative dissolution; prohibition. A corporation administratively dissolved continues its corporate