WV SB525

Secretary of State must notify nonprofit corporations by certified mail when grounds exist for administrative dissolution, following established service procedures under §31E-5-504

Corporations 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, the Secretary of State signs and files a certificate of dissolution and sends electronic notice to the corporation if an email address is on file

Administratively dissolved corporations may continue to exist only for purposes of winding up and liquidating business affairs and notifying claimants

Administrative dissolution does not terminate the authority of the corporation's registered agent