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<section article="gca" article_name="Corporations and Associations" number="7-304" title_number="7" title_name="Foreign Corporations" subtitle_number="3" subtitle_name="Sanctions">
  <level label="a">
    <text>The Department may forfeit the right of any foreign corporation to do intrastate business in this State if the corporation fails to file with the Department any report or fails to pay any late filing penalties required by law:</text>
    <level label="1">
      <text>Within the time required by law; and</text>
    </level>
    <level label="2">
      <text>Thereafter, within 30 days after the Department makes a written demand for the delinquent report or late filing penalties.</text>
    </level>
  </level>
  <level label="b">
    <text>Unless the Department excuses a reasonable delay for good cause shown, the forfeiture is effective 15 days after written notice of forfeiture from the Department, without proceedings of any kind either at law or in equity.</text>
  </level>
  <level label="c">
    <text>The demand for a delinquent report or late filing penalties and the notice of forfeiture shall be addressed to the corporation:</text>
    <level label="1">
      <text>At its address on file with the Department; or</text>
    </level>
    <level label="2">
      <text>If it has no address on file with the Department, in care of the Secretary of State or corresponding official of the place where it was organized or is existing, if known to the Department.</text>
    </level>
  </level>
  <level label="d">
    <text>On forfeiture of its right to do intrastate business in this State, the foreign corporation is subject to the same rules, legal provisions, and sanctions as if it had never qualified or been licensed to do business in this State.</text>
  </level>
</section>
