NRS 80.195 Surrender of right to transact business in State without additional fees and penalties; regulations.

168 words·~1 min read·/nv/chapter-80-foreign-corporations/80-195

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

1. The Secretary of State shall authorize a foreign corporation whose right to transact business in this State has been revoked to surrender its right to transact business in this State without paying additional fees and penalties, other than the fee for filing a notice of withdrawal required by NRS 80.050 , if the foreign corporation provides evidence satisfactory to the Secretary of State that the foreign corporation did not transact business in this State:

(a)During the entire period for which its right to transact business in this State was revoked; or

(b)During a portion of the period for which its right to transact business in this State was revoked and the foreign corporation paid the fees and penalties for the portion of that period in which the foreign corporation transacted business in this State.

2. The Secretary of State may adopt regulations to administer the provisions of this section.