<br><br> <br>Page 1 of 1 <br>14A.7-020 Procedure for and effect of administrative dissolution. (Effective <br>January 1, 2011) <br>(1) If the Secretary of State determines that one (1) or more grounds exist for the <br>administrative dissolution of an entity, the Secretary of State shall advise the entity <br>of that determination. <br>(2) If the entity does not within sixty (60) days from the date on which the notice was <br>mailed, correct each ground for dissolution or demonstrate to the reasonable <br>satisfaction of the Secretary of State that each ground determined by the Secretary <br>of State does not exist, the Secretary of State shall administratively dissolve the <br>entity by signing a certificate of dissolution that recites the ground or grounds for <br>dissolution and its effective date. The Secretary of State shall file the original of the <br>certificate and advise the entity of that determination. <br>(3) An entity administratively dissolved continues its existence but shall not carry on <br>any business except that necessary to wind up and liquidate its business and affairs. <br>(4) The administrative dissolution of an entity shall not terminate the authority of its <br>registered agent. <br>Effective: January 1, 2011 <br>History: Created 2010 Ky. Acts ch. 151, sec. 36, effective January 1, 2011. <br><br>