SB2792: Nonprofit corporations; clarify penalty for failure to file annual report, repeal related provision.
Legislative Summary
An Act To Amend Section 79-11-407, Mississippi Code Of 1972, To Clarify That A Nonprofit Corporation That Fails To File Timely Or Fails To Disclose The Information Required Under This Section May Be Subject To The Penalties Of Administrative Dissolution; To Repeal Section 79-11-391, Mississippi Code Of 1972, Which Authorizes A Status Report Of A Nonprofit Corporation; And For Related Purposes.
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