Section 351.602

Title XXIII CORPORATIONS, ASSOCIATIONS AND PARTNERSHIPS

Chapter 351

Effective - 28 Aug 2009   

  351.602.  Procedure and effect of revocation. — 1.  If the secretary of state determines that one or more grounds exist under section 351.598 for revocation of a certificate of authority, he shall serve the foreign corporation with written notice of his determination as provided in section 351.594.

  2.  If the foreign corporation does not correct each ground for revocation or demonstrate to the reasonable satisfaction of the secretary of state that each ground determined by the secretary of state does not exist within sixty days after service of the notice is perfected under section 351.594, the secretary of state may revoke the foreign corporation's certificate of authority by signing a certificate of revocation that recites the ground or grounds for revocation and its effective date.  The  secretary of state shall file the original of the certificate and serve a copy on the foreign corporation as provided in section 351.594.

  3.  The authority of a foreign corporation to transact business in this state ceases on the date shown on the certificate revoking its certificate of authority.

  4.  The secretary of state's revocation of a foreign corporation's certificate of authority appoints the secretary of state the foreign corporation's agent for service of process in any proceeding based on a cause of action which arose during the time the foreign corporation was authorized to transact business in this state.  Service of process on the secretary of state under this subsection is service on the foreign corporation.  Upon receipt of process, the secretary of state shall mail a copy of the process to the secretary of the foreign corporation at its principal office shown in its most recent corporate registration report or in any subsequent communication received from the corporation specifically advising the secretary of state of the current mailing address of its principal office, or, if none are on file, in its application for a certificate of authority.

  5.  Revocation of a foreign corporation's certificate of authority does not terminate the authority of the registered agent of the corporation.

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(L. 1990 H.B. 1432, A.L. 2009 H.B. 481)