490A.1410 - REVOCATION OF CERTIFICATE OF AUTHORITY.
490A.1410 REVOCATION OF CERTIFICATE OF AUTHORITY. 1. The certificate of authority of a foreign limited liability company to transact business in this state may be revoked by the secretary of state upon the occurrence of any of the following: a. The foreign limited liability company has failed to: (1) Pay any fees or penalties prescribed by this chapter. (2) Appoint and maintain a registered agent as required under section 490A.1402. (3) Deliver for filing to the secretary of state a report upon any change in the name or address of the registered agent. (4) Deliver to the secretary of state for filing articles of correction required under section 490A.1405. (5) Deliver for filing to the secretary of state a biennial report as required by section 490A.131. b. A misrepresentation has been made of any material matter in any application, report, affidavit, or other documents submitted by the foreign limited liability company under this subchapter. 2. A certificate of authority of a foreign limited liability company shall not be revoked by the secretary of state, unless both of the following apply: a. The secretary of state has given the foreign limited liability company not less than sixty days' notice thereof by mail addressed to its registered office in this state or, if the foreign limited liability company fails to appoint and maintain a registered agent in this state, addressed to the office required to be maintained pursuant to section 490A.1402. b. During the sixty-day period, the foreign limited liability company has failed to pay such fees or penalties prescribed by this chapter, to file a report of change regarding the registered agent, to file any necessary articles of correction, or to correct any such misrepresentation. 3. Upon the expiration of sixty days after the mailing of the notice, the authority of the foreign limited liability company to transact business in this state shall cease.
Section History: Recent Form 92 Acts, ch 1151, § 84; 93 Acts, ch 39, § 35; 2006 Acts, ch 1089, §39, 40 Referred to in § 490A.1403