§31B-8-809. Grounds for administrative dissolution.

     The Secretary of State may commence a proceeding to administratively dissolve a limited liability company if:

     (1) The company fails to pay any fees, taxes or penalties imposed by this chapter or other law within sixty days after they are due;  (2) The company fails to deliver its annual report to the Secretary of State within sixty days after it is due;

     (3) The professional license of one or more of the license holders is revoked by a professional licensing board and the license is or all the licenses are required for the continued operation of the company; or

     (4) The company is in default with the Bureau of Employment Programs as provided in section six, article two, chapter twenty-one-a of this code.