§415B-97 Involuntary dissolution. A corporation may be dissolved involuntarily when it is established that:

(1) The corporation has failed to deliver to the director its annual report within the time required by this chapter for a period of two years;

(2) The corporation procured its articles of incorporation through fraud; or

(3) The corporation has failed to complete voluntary dissolution for a period of two years. [L 1985, c 270, pt of §1; am L 1987, c 135, §173; am L 1992, c 6, §5]