(1) All limited liability companies formed under this chapter or authorized to do business in Samish Indian Country must file with the Finance Department an annual statement. The form for annual statements and their filing fee shall be set yearly by the Finance Department and notice of fees and a form shall be sent to all registered agents recorded in the Finance Department’s files on a date to be decided by the Finance Department but not less than 60 days prior to the due date of the annual statement.

(2) If a limited liability company authorized to transact business in Samish Indian Country fails to file an annual statement required by this section for two consecutive years, the Finance Department shall notify the company and warn of possible administrative dissolution.

(3) If a limited liability company does not file all annual statements it has failed to file, and the applicable fees, within 60 days after the Finance Department’s notice under subsection (2) of this section is sent, the limited liability company is not in good standing. A limited liability company that is not in good standing is not entitled to issuance by the Finance Department of a certificate of good standing described in STC 6.30.200, and may be administratively dissolved at the discretion of the Legal or Finance Department. [Res. 2023-10-019 § 1, 2023.]