Nonprofit corporations; clarify penalty for failure to file annual report, repeal related provision.

SB 2792 clarifies that Mississippi nonprofit corporations failing to file annual reports on time or omit required information (like registered agent details, principal office address, or public funds received) may face administrative dissolution (state-ordered shutdown). It directly affects all nonprofit corporations operating in Mississippi that must file annual reports with the Secretary of State. The bill repeals a separate provision (Section 79-11-391) requiring status reports for nonprofits. The legislation, which died in committee on March 4, 2025, would have taken effect July 1, 2025, if passed.