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| 1. Failure to file annual report; penalty. A domestic or foreign |
| limited liability company that is required to deliver an annual |
| report for filing as provided by section 757 that fails to deliver |
| its properly completed annual report to the Secretary of State |
shall pay, in addition to the regular annual report fee, the sum of |
$25, if |
| subsection 26, as long as the report is received by the Secretary |
of State prior to revocation or suspension of the limited liability |
company |
| company's failure to file the annual report and to pay the annual |
| report fee or the penalty, the Secretary of State, notwithstanding |
| Title 4, chapter 5 and Title 5, chapter 375, shall revoke a foreign |
| limited liability company's authority to do business in this State |
and suspend |
company from doing business |
procedures set forth in section 719, subsection 2, relative to |
revoking the right of foreign limited liability companies to do |
business in this State, for suspending domestic limited liability |
companies |
| liability company and the procedures set forth in section 719-B to |
| revoke a foreign limited liability company's authority to transact |
business in this State. A foreign limited liability company whose |
authority to do business in this State has been revoked under this |
subsection that wishes to do business again in this State must be |
authorized as provided in section 712. |
liability company that has been suspended |
dissolved under this subsection may be reinstated by filing the |
current annual report together with the current annual filing fee |
and by paying the reinstatement fee of $125 for each year the |
limited liability company failed to file an annual report. The |
maximum reinstatement fee may not exceed $500, regardless of the |
number of delinquent reports or the period of delinquency |
| 608-B must follow the requirements set forth in section 608-C to |
| reinstate. |
