Section 10.20.325 - Grounds for involuntary dissolutionA corporation may be dissolved involuntarily by the commissioner when it is established that
(1) the corporation has failed to file its biennial report within the time required by this chapter;(2) the corporation procured its articles of incorporation through fraud;(3) the corporation has continued to exceed or abuse the authority conferred upon it by law;(4) the corporation has failed for 30 days to appoint and maintain a registered agent in the state;(5) the corporation has failed for 30 days after change of its registered office or registered agent to file in the office of the commissioner a statement of the change;(6) the corporation has failed, within the time required by this chapter, to revoke or complete a plan of voluntary dissolution; or(7) the corporation is 90 days delinquent in filing a notice of change of an officer or director as required by this chapter.