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WV SB522
Bill
AI Summary
- Secretary of State must notify limited liability companies by certified mail when grounds exist for administrative dissolution
- Companies have 60 days after service of notice to correct dissolution grounds or demonstrate the grounds do not exist
- If grounds are not corrected within 60 days, Secretary of State signs and files a certificate of dissolution, with electronic notice sent to companies if an email address is on file
- Administratively dissolved companies may continue limited operations only to wind up business, liquidate affairs, and notify claimants
- Administrative dissolution does not terminate the authority of the company's agent for service of process
- Effective date: July 2, 2025 (90 days from passage on April 3, 2025)
Legislative Description
Clarifying procedure for administrative dissolution of limited liability companies by Secretary of State
Corporations
Last Action
Approved by Governor 4/24/2025 - House Journal
4/12/2025
Committee Referrals
Government Organization3/12/2025
Government Organization2/19/2025
Full Bill Text
No bill text available