NDT Pharmaceuticals Inc (NDTP)

[Suebarth]

Default" simply means that they are late filling their Annual List of Officers with the Secretary of State.

To emerge from a "Default" status, all the corporation must do is pay a $75 late fee, and file the Annual List as Usual.

That is the only penalty, and only amounts to a "Late Fee".

The company has a right to transact business for one year while being in "Default". It still legally exists. It merely owes a late fee.

If the corporation remains in default for 12 months, then it's corporate charter is revoked, and its ability to transact business is forfeited.

Until that time, however, they still have the right to transact business.

If at any time they pay the $75 late free (which can be done online), pay $125 to file their Annual List Of Officers (which can be one person), they will no longer be in default