355.806. Revocation of certificate of authority, grounds.

386 words·~2 min read·/mo/chapter-355/355-806

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

355.806. Revocation of certificate of authority, grounds. — 1. The secretary of state may commence a proceeding under section 355.811 to revoke the certificate of authority of a foreign corporation authorized to transact business in this state if:

(1)The foreign corporation does not deliver the corporate registration report to the secretary of state within thirty days after it is due;

(2)The foreign corporation does not pay within thirty days after they are due any fees or penalties imposed by this chapter;

(3)The foreign corporation is without a registered agent or registered office in this state for thirty days or more;

(4)The foreign corporation does not inform the secretary of state under section 355.786 or 355.791 that its registered agent or registered office has changed, that its registered agent has resigned, or that its registered office has been discontinued within thirty days of the change, resignation, or discontinuance;

(5)An incorporator, director, officer or agent of the foreign corporation signed a document such person knew was false in any material respect with intent that the document be delivered to the secretary of state for filing;

(6)The secretary of state receives a duly authenticated certificate from the secretary of state or other official having custody of corporate records in the state or country under whose law the foreign corporation is incorporated stating that it has been dissolved or disappeared as the result of a merger; or

(7)The corporation procured its certificate of authority through fraud practiced on the state.

2. The attorney general may commence a proceeding under section 355.811 to revoke the certificate of authority of a foreign corporation authorized to transact business in this state if:

(1)The corporation has continued to exceed or abuse the authority conferred upon it by law;

(2)The corporation would have been a public benefit corporation other than a church or convention or association of churches had it been incorporated in this state and that its corporate assets in this state are being misapplied or wasted; or

(3)The corporation would have been a public benefit corporation other than a church or convention or association of churches had it been incorporated in this state and it is no longer able to carry out its purposes.

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(L. 1994 H.B. 1095, A.L. 2009 H.B. 481)