47-1A-1530. Grounds for revocation.
233 words·~1 min read·
/sd/title-47/chapter-47-1/47-1a-1530·A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
The Office of the Secretary of State may commence a proceeding under §§ 47-1A-1531 and 47-1A-1531.1 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 its annual report to the Office of the Secretary of State within sixty days after it is due;
(2)The foreign corporation does not pay within sixty days after they are due any franchise taxes or penalties imposed by this chapter or other law;
(3)The foreign corporation is without a registered agent in this state for sixty days or more;
(4)The foreign corporation does not inform the secretary of state by an appropriate filing that its registered agent has changed or that its registered agent has resigned within sixty days of the change or resignation;
(5)An incorporator, director, officer, or agent of the foreign corporation signed a document knowing it was false in any material respect with intent that the document be delivered to the Office of the Secretary of State for filing;
(6)The Office of the Secretary of State receives a duly authenticated certificate from the Office of 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.