(1) If the Economic Development and Operations Committee determine that one or more grounds exist for dissolving a non-profit corporation, they shall serve the corporation with written notice of determination.

(2) If the non-profit corporation does not correct each ground for dissolution or demonstrate to the reasonable satisfaction of the Economic Development and Operations Committee that each ground determined by the Economic Development and Operations Committee does not exist within 60 days after service of the notice is perfected, the Economic Development and Operations Committee shall administratively dissolve the non-profit corporation by signing a certificate of dissolution that recites the ground or grounds for dissolution and its effective date. The Economic Development and Operations Committee shall file the original of the certificate and serve a copy on the non-profit corporation.

(3) A non-profit corporation administratively dissolved continues its corporate existence but may not carry on any business except that necessary to wind up and liquidate its business and affairs under 06.15.050.

(4) The administrative dissolution of a non-profit corporation does not terminate the authority of its registered agent.