16-1a-510. Termination of registration.
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Effective 10/1/2026
16-1a-510. Termination of registration.
(1)The division may terminate a registered foreign entity's registration in the manner described in Subsection
(2)or
(3)if the registered foreign entity fails to:
(a)pay a fee, tax, interest, or penalty that the division requires, within 60 days after the day on which the division requires payment;
(b)deliver to the division for filing an annual report that the division requires, within 60 days after the division requires that the division file the annual report;
(c)designate a registered agent as required in Section 16-1a-402 ; or
(d)deliver to the division for filing a statement of change as described in Section 16-1a-407 within 30 days after the day on which a change occurs in the registered foreign entity's registered agent's name or address.
(2)The division may terminate the registration of a registered foreign entity by:
(a)filing a notice of termination or noting the termination in the division's records; and
(b)delivering a copy of the notice or a copy of the information in the notation in the division's records to:
(i)the registered foreign entity's registered agent; or
(ii)if the registered foreign entity does not have a registered agent, to the registered foreign entity's principal office.
(3)The division shall include in a notice of termination or a notation in the division's records described in Subsection
(2):
(a)the effective date of the termination, which the division shall set at least 60 days after the day on which the division delivers the copy of the notice or copy of the information in the notation in the division's records; and
(b)the grounds under which the division terminates the registered foreign entity's registration under Subsection
(1).
(4)The registration of a registered foreign entity to do business in this state ends on the effective date of the notice of termination or notation in the division's records described in Subsection
(2), unless before the effective date, the entity cures each ground for termination the division states in the notice of termination or notation in the division's records.
(5)If a registered foreign entity cures each ground for termination in accordance with Subsection
(4), the division shall file a record stating that the registered foreign entity has cured each ground for termination.
Enacted by Chapter 93 , 2026 General Session