79-16-27 - Certificate of authority; revocation; causes.
§ 79-16-27. Certificate of authority; revocation; causes.
(1) The certificate of authority of a foreign business trust to transact business in this state may be revoked by the Secretary of State upon the condition prescribed in this section when:
(a) The foreign business trust has failed to pay any fees prescribed by law when they become due and payable;
(b) The foreign business trust has failed to appoint and maintain a registered agent in this state;
(c) The foreign business trust has failed, after change of its registered office or registered agent, to file in the Office of Secretary of State a statement of such change as required by law; or
(d) A misrepresentation has been made of any material matter in an application, report, affidavit or other document submitted by such foreign business trust pursuant to law.
(2) No certificate of authority of a foreign business trust shall be revoked by the Secretary of State unless:
(a) He shall have given the foreign business trust not less than sixty (60) days' notice thereof by mail addressed to its registered office in this state; and
(b) The foreign business trust shall fail prior to revocation to pay such fees, any taxes owed or file the required statement of change of registered agent or registered office, or file such amendment or correct such misrepresentation.
Sources: Laws, 1998, ch. 428, § 14, eff from and after July 1, 1998.