§ 7-1.2-1414 - Revocation of certificate of authority.
SECTION 7-1.2-1414
§ 7-1.2-1414 Revocation of certificate ofauthority. – (a) The certificate of authority of a foreign corporation to transact businessin this state may be revoked by the secretary of state under the conditionsprescribed in this section when:
(1) The corporation fails to file its annual report withinthe time required by this chapter, or fails to pay any fees, when they becomedue and payable; or
(2) The corporation fails to appoint and maintain aregistered agent in this state as required by this chapter; or
(3) The corporation fails, after changing its registeredoffice or registered agent, to file in the office of the secretary of state astatement of the change as required by this chapter; or
(4) The corporation fails to file in the office of thesecretary of state any amendment to its articles of incorporation or anyarticles of merger within the time prescribed by this chapter; or
(5) A misrepresentation has been made of any material matterin any application, report, affidavit, or other document submitted by thecorporation pursuant to this chapter.
(b) No certificate of authority of a foreign corporation maybe revoked by the secretary of state unless the secretary of state has giventhe corporation not less than sixty (60) days notice thereof by regular mailaddressed to the registered agent of the corporation in this state on file withthe secretary of state's office; provided, however, that if a prior mailingaddressed to the registered office of the corporation in this state currentlyon file with the secretary of state's office has been returned to the secretaryof state as undeliverable by the United States Postal Service for any reason,or if the revocation notice is returned as undeliverable to the secretary ofstate's office by the United States Postal Service for any reason, thesecretary of state shall give notice as follows:
(1) To the corporation at its principal office of record asshown in its most recent annual report, and no further notice is required; or
(2) In the case of a foreign corporation which has not yetfiled an annual report, then to the corporation at its principal office shownin its application for certificate of authority, and no further notice isrequired.