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I am providing you a link to an article that thoroughly addresses the consequences of a corporation losing its good standing status due to suspension of its charter for various reasons. The article also provides citations to the various controlling law on the matter. Essentially, though, the consequences are that the corporate existence no longer exists and the corporation has no powers. The corporation cannot conduct business -- contracts are voidable and cannot be enforced. The corporation is unable to defend itself in litigation brought against the corporation. Further, the name of the corporation could be taken by another company. No corporation property can be transferred.
Here is the link:
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can you provide me with the article
I can not find it
can you e-mail it to me
The link I provided will get you to it if you paste the exact link into your web browser:
I found it thank you,
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