§414D-283 Grounds for revocation of certificate of authority.
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§414D-283 Grounds for revocation of certificate of authority. The department director may commence a proceeding under section 414D-284 to revoke the certificate of authority of a foreign corporation authorized to transact business in this State if:
(1)The corporation fails to:
(A)Pay any fees prescribed by law;
(B)File its annual report for a period of two years;
(C)Appoint and maintain an agent for service of process as required; or
(D)File a statement of a change in the name or business address of the agent as required by chapter 425R; or
(2)A misrepresentation has been made of any material matter in any application, report, affidavit, or other record or document submitted by the corporation. [L 2001, c 105, pt of §1; am L 2002, c 130, §67; am L 2003, c 124, §39; am L 2009, c 55, §27]