501A.222 - CANCELLATION OF CERTIFICATE OF AUTHORITY.
501A.222 CANCELLATION OF CERTIFICATE OF AUTHORITY. 1. A foreign cooperative may cancel its certificate of authority by delivering to the secretary for filing a certificate of cancellation which shall set forth all of the following: a. The name of the foreign cooperative and the name of the state or other jurisdiction under whose jurisdiction the foreign cooperative was formed. b. That the foreign cooperative is not transacting business in this state and that the foreign cooperative surrenders its registration to transact business in this state. c. That the foreign cooperative revokes the authority of its registered agent to accept service on its behalf and appoints the secretary as its agent for service of process in any proceeding based on a cause of action arising during the time the foreign cooperative was authorized to transact business in this state. d. A mailing address to which the secretary may mail a copy of any process served on the secretary under paragraph "c". e. A commitment to notify the secretary in the future of any change in the mailing address of the foreign cooperative. 2. The certificate of authority shall be canceled upon the filing of the certificate of cancellation by the secretary.
Section History: Recent Form 2005 Acts, ch 135, §16