The state may bring an action for involuntary dissolution of a company if the corporation has not paid its annual franchise tax.

Name: The state may bring an action for involuntary dissolution of a company if the corporation has not paid its annual franchise tax.
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The state can initiate involuntary dissolution of a corporation if it fails to pay its annual franchise taxes, as this is considered a failure to comply with statutory requirements for operating within the state.

The State May Bring an Action for Involuntary Dissolution of a Company