16-1a-508. Withdrawal of registration of registered foreign entity.

491 words·~2 min read·/ut/title-16/chapter-1a/16-1a-508

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

Effective 10/1/2026

(1)A registered foreign entity may withdraw the registered foreign entity's registration by delivering a statement of withdrawal to the division for filing.

(2)A registered foreign entity shall sign the statement of withdrawal described in Subsection

(1)and state on the statement of withdrawal:

(a)the registered foreign entity's name;

(b)the registered foreign entity's jurisdiction of formation;

(i)that the registered foreign entity does not currently do business in this state; and

(ii)that the registered foreign entity withdraws the registered foreign entity's registration to do business in this state;

(d)an address to which a person may make service of process to the registered foreign entity as described in Subsection

(3); and

(e)if the registered foreign entity is a foreign corporation or foreign nonprofit corporation, the federal employer identification number of the registered foreign entity.

(3)After a registered foreign entity withdraws the registered foreign entity's registration in accordance with this section, a person may make service of process in an action or proceeding based on a cause of action arising during the time the entity was registered to do business in this state in accordance with Section 16-1a-412 .

(4)A registered foreign entity withdraws the registered foreign entity's registration:

(a)on the effective date of a conversion, if the registered foreign entity converts to a filing domestic entity;

(b)on the effective date of a merger, if the registered foreign entity is not the surviving entity after the merger occurs; or

(c)on the effective date of a domestication, if the registered foreign entity becomes a registered domestic entity through domestication.

(a)After receiving a foreign corporation's or a foreign nonprofit corporation's statement of withdrawal, the division shall:

(i)provide the State Tax Commission with the foreign corporation's or the foreign nonprofit corporation's federal employer identification number; and

(ii)request that the State Tax Commission certify that the foreign corporation or foreign nonprofit corporation is in good standing.

(b)The State Tax Commission shall certify that a foreign corporation or a foreign nonprofit corporation is in good standing if the foreign corporation or foreign nonprofit corporation pays each tax, fee, and penalty the foreign corporation or foreign nonprofit corporation owes to the State Tax Commission.

(c)If a foreign corporation or a foreign nonprofit corporation is not in good standing as described in Subsection (5)(b) , the State Tax Commission shall:

(i)notify the division that the foreign corporation or the foreign nonprofit corporation is not in good standing; and

(A)notify the foreign corporation or the foreign nonprofit corporation that the foreign corporation or the foreign nonprofit corporation is not in good standing; and

(B)provide the foreign corporation or the foreign nonprofit corporation a detailed explanation as to why the foreign corporation or foreign nonprofit corporation is not in good standing.

Enacted by Chapter 93 , 2026 General Session