Current with legislation from 2024 Fiscal and Special Sessions.
Section 26-54-111 - Charter revocation for failure to pay tax - Procedure(a) On or before January 31 of each year, the Secretary of State shall proclaim as revoked the corporate charters or authorities of all corporations, both domestic and foreign, that according to the Secretary of State's records are delinquent in the payment of the annual franchise tax for a prior year.(b)(1) A copy of the proclamation under subsection (a) of this section, or applicable portion thereof, shall be furnished to each other official or agency of the state that is authorized to issue corporation charters or authorities.(2) Upon their receipt of the proclamation, the several officials shall at once correct their respective records in accordance with the proclamation.Amended by Act 2023, No. 459,§ 9, eff. 8/1/2023.Amended by Act 2021, No. 523,§ 20, eff. 4/1/2021.Amended by Act 2019, No. 819,§ 22, eff. 5/1/2021.Amended by Act 2013, No. 1079,§ 1, eff. 8/16/2013.Acts 1979, No. 889, § 10; 1983, No. 828, § 1; A.S.A. 1947, § 84-1842; Acts 1987, No. 19, § 6; 1991, No. 1046, § 4; 1991, No. 1140, § 4.