Arizona republican., 1919-07-23
II ACT ON DELINQUENT
 CORPORATIONS
Few Concerns Have Obeyed Law in Filing Annual Re- port and Fee with State Now Face Possible Disso- lution as Result of Negli- gence

How would the stockholders of about 30 900 Arizona corporations feel to wake up some morning and find that the companies in which they were in terested had been, by court order, dis solved and disincorporated, and all the rights, privileges and franchises Of the said corporations ahnulled?
 Such a thing, startling as it may seem, is getting in the neighborhood of possibility, according to plans un- derstood to be under way by the state corporation commission, and all for the reason that the said 30,000 or so corporations have been lax in comply ing with the provisions of the law, chiefly by not filing an annual report with the state and paying the annual fee.
 The incorporation laws of the state very plainly provide that "Whenever any corporation heretofore or hereafter organized or incorporated under the laws of this state shall either fail to appoint it's agent, or to file such appointment or shall have violated any law of the State of Arizona, or shall have omitted to do and perform any act relating to cor porations prescribed by the laws of this state, or shall disobey or fail to obey or observe any rule, regulation, charge, order, or decree of the corporation com mission in pursuance of law
 May Dissolve Corporations
 "Then and in or on each every or any one of the foregoing causes situa- tions, provisions, or conditions; either the attorney general or any resident or any stockholder or officer may bring, prosecute and maintain an action in any court of record of this state, to have and pro cure a judicial dissolution and disin- corporation of all rights, privileges and franchises and if upon such hearing or trial, it be made to appear that any one of said causes, conditions, situations or provisions exists such court shall thereupon dissolve such corporation.
 The above quotations are very plain law. Here are few of the things the corporations must do in order not to be remiss in their legal duties:
 Every corporation organized under the laws of this state, and every for eign corporation doing business in this 1 state shall during the month of June of each year, pay an annual registration fee of $15. Such fees to be paid to the corporation commission and shall be paid irrespective of any | specific license or other tax"
 Must File Reports
 l In addition to this the corporation must file an annual report at the time of the payment of the annual registra tion fee, the fee for filing the report which is S5, making $20 in all thai must be paid annually, and the report l filed Failure to do this for each anC | every year since the law was enacted | is sufficient reason for bringing a dis solution suit. Corporations that were | in existence, or operating when the law was passed and went into effect May 1S, 1912, and have not made the report: | or have not paid the annual fees car only get themselves on a good footing again by getting up the back report. and paying the back fees.
 While the commission has not as we issued formal statement in the mat ter, 1t is understood that it is prepar. ing a circular embodying the provision, or the law, to be sent to the officers O. | authorized agents Of each corporation and If the arrears are not paid up an, the reports brought up promptly afte this notice that the proceeding for dis solution will be filed.
 A total of 3O,902 corporations hav been incorporated or domesticated il this state. Only 365 of them paid thei fee and made their reports this las June; roughly one per cent. Of cours many of the corporations formed her in the past several years are dead be yond recall, and no amount of stirrin, up will revive them, but they are liabl to be officially dead and not merel quiescent when the corporation com mission gets through with them.
 Big Firms Delinquent
 If the whole number, many of whic, have not paid in their fees or mad their reports for some years, shoul