If a domestic entity required to file a biennial report under § 702 fails to file a timely biennial report, the failure to timely file shall be grounds for administrative dissolution of the domestic entity by the Superintendent.
If a foreign entity required to file a biennial report under § 702 fails to file a timely biennial report, the failure to timely file shall be grounds for the termination of the foreign entity's registration by the Superintendent.
D.C. Mun. Regs. r. 17-706