Sec. 33-1226. Procedure for and effect of revocation.
Sec. 33-1226. Procedure for and effect of revocation. (a) If the Secretary of the
State determines that one or more grounds exist under section 33-1225 for revocation
of a certificate of authority, he shall serve the foreign corporation with written notice
of his determination under section 33-1219.
(b) If the foreign corporation does not correct each ground for revocation or demonstrate to the reasonable satisfaction of the Secretary of the State that each ground determined by the Secretary of the State does not exist within sixty days after service of the
notice is effective under section 33-1219, the Secretary of the State may revoke the
foreign corporation's certificate of authority by signing a certificate of revocation that
recites the ground or grounds for revocation and its effective date. The Secretary of the
State shall file the original of the certificate and serve a copy on the foreign corporation
under section 33-1219.
(c) The authority of a foreign corporation to conduct affairs in this state ceases on
the date shown on the certificate revoking its certificate of authority.
(d) The Secretary of the State's revocation of a foreign corporation's certificate of
authority appoints the Secretary of the State the foreign corporation's agent for service
of process in any proceeding based on a cause of action which arose during the time the
foreign corporation was authorized to conduct affairs in this state. Service of process
on the Secretary of the State as provided in section 33-1219 is service on the foreign
corporation.
(e) Revocation of a foreign corporation's certificate of authority does not terminate
the authority of the registered agent of the corporation.
(P.A. 96-256, S. 151, 209; P.A. 97-246, S. 82, 94, 99.)
History: P.A. 96-256 effective January 1, 1997; P.A. 97-246 amended Subsec. (b) to replace "perfected under Sec. 33-1219" with "effective under Sec. 33-1219" and amended Subsec. (d) to provide that service of process is made on the
Secretary of the State "as provided in Sec. 33-1219" rather than "under this section" and delete provision that required the
Secretary of the State to mail a copy of the process to the foreign corporation, effective June 27, 1997.