N.Y. Business Corporation Law § 409: Penalty for failure to file; cure

§ 409. Penalty for failure to file; cure.

1. Each corporation which has failed to file its statement within the

time required by this chapter after thirty days shall be shown to be

past due on the records of the department of state.

2. Each corporation which has failed to file its statement for two

years shall be shown to be delinquent on the records of the department

of state sixty days after a notice of delinquency has been mailed to the

last known address of such corporation. Such delinquency shall be

removed from the records of the department of state upon the filing of

the current statement required by section four hundred eight of this

article, and the payment of a fine of two hundred fifty dollars.

3. The notice of delinquency shall state the cure and fine for such

delinquency as determined by subdivision two of this section and the

period during which such delinquency shall be foreborne without the

imposition of such fine.

4. This section shall not apply to corporations that have submitted a

statement pursuant to paragraph eight of section four hundred eight of

this chapter.