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A. A corporation may be dissolved involuntarily by a decree of the Court in an action instituted by the Secretary of the Osage Nation in the name of the Osage Nation when it is made to appear to the Court that:

1. The franchise of the corporation was procured through fraud;

2. The corporation has continued to exceed or abuse the authority conferred upon it by this Code;

3. The corporation has failed for ninety (90) days to appoint and maintain a registered agent as provided in the Code; or

4. The corporation has failed for ninety (90) days after change of its registered office or registered agent to deliver to the Secretary of the Osage Nation a statement of such change.

B. At least thirty (30) days before any action for the involuntary dissolution of a corporation shall be filed by the Secretary of the Osage Nation, he or she shall notify the corporation by certified or registered mail addressed to such corporation at its registered office a notice of his or her intention to file such suit and the reasons therefor. If, before action is filed, the corporation shall submit satisfactory evidence that said franchise was not procured through fraud or that the corporation has not exceeded or abused such authority or shall appoint or maintain a registered agent as provided in this Code, or deliver to the Secretary of the Osage Nation the required statement of change of registered agent, the Secretary of the Osage Nation shall not file an action against such a corporation for such cause. If after action is filed for a reason stated in subsection (A)(3) or (4) of this section the corporation shall, as the case may be, appoint or maintain a registered agent as provided in this Code, or shall deliver to the Secretary of the Osage Nation the required statement of change of registered agent, and shall pay the costs of such action, the action for such cause shall abate. ONCA 21-27, eff. Apr. 6, 2021.