You are correct. I know of a full power station that had it's corporation revoked because they had failed to file reports with the Secretary of State. They caught this at license renewal time. Meanwhile a couple volunteers formed a corporation and took their former corporation name. They filed the license renewal with them on the board.I think in some (but not all) of these cases, the licensee has a misunderstanding of their state's nonprofit laws and policies and simply forget to file their annual reports. States are aware of this. When an organization gets suspended for not filing, all they normally have to do is file an annual report (or all of the back annual reports) and perhaps pay a fee and they will be reinstated retroactive to the lapse, like it never happened. The FCC will recognize those retroactive reinstatements.
The original board saw this as a hostile takeover and illegal transfer of control. They had to get a new name. Their attorney was able to cancel the first renewal application as unauthorized and refile with the original board. The FCC renewed the license under the new corporate name because there was no transfer of control.
The FCC visited the station for an inspection. They found the volunteers didn't know how to use the EAS. They were cited for that violation.
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