§428-1006 Revocation of certificate of authority.

282 words·~1 min read·/hi/chapter-428/428-1006

A research copy — for the controlling text, always check the official state or federal source. Not legal advice.

(a)A certificate of authority of a foreign limited liability company to transact business in this State may be revoked by the director in the manner provided in subsection

(b)if:

(1)The company fails to:

(A)Pay any fees prescribed by law;

(B)File its annual report for a period of two years pursuant to section 428-210;

(C)Appoint and maintain an agent for service of process as required by this part; or

(D)File a statement of a change in the name or business address of the agent as required by this part; or

(2)A misrepresentation has been made of any material matter in any application, report, affidavit, or other record or document submitted by the company pursuant to this part.

(b)The director may not revoke a certificate of authority of a foreign limited liability company unless the director sends the company notice of the revocation, at least sixty days before its effective date, by mailing the notice to the foreign limited liability company at its last known address appearing in the director's records. The notice shall identify the cause for the revocation of the certificate of authority. If the foreign limited liability company does not cure its failure by the date specified in the notice of revocation, the director may issue a certificate of revocation that shall be filed in the office of the director. The authority of the company to transact business in this State shall cease upon the issuance of the certificate of revocation. [L 1996, c 92, pt of §1; am L 2001, c 129, §101; am L 2002, c 130, §109; am L 2003, c 124, §79]