351.602. Procedure and effect of revocation.
Procedure and effect of revocation.
351.602. 1. If the secretary of state determines that one or moregrounds exist under section 351.598 for revocation of a certificate ofauthority, he shall serve the foreign corporation with written notice ofhis determination as provided in section 351.594.
2. If the foreign corporation does not correct each ground forrevocation or demonstrate to the reasonable satisfaction of the secretaryof state that each ground determined by the secretary of state does notexist within sixty days after service of the notice is perfected undersection 351.594, the secretary of state may revoke the foreigncorporation's certificate of authority by signing a certificate ofrevocation that recites the ground or grounds for revocation and itseffective date. The secretary of state shall file the original of thecertificate and serve a copy on the foreign corporation as provided insection 351.594.
3. The authority of a foreign corporation to transact business inthis state ceases on the date shown on the certificate revoking itscertificate of authority.
4. The secretary of state's revocation of a foreign corporation'scertificate of authority appoints the secretary of state the foreigncorporation's agent for service of process in any proceeding based on acause of action which arose during the time the foreign corporation wasauthorized to transact business in this state. Service of process on thesecretary of state under this subsection is service on the foreigncorporation. Upon receipt of process, the secretary of state shall mail acopy of the process to the secretary of the foreign corporation at itsprincipal office shown in its most recent corporate registration report orin any subsequent communication received from the corporation specificallyadvising the secretary of state of the current mailing address of itsprincipal office, or, if none are on file, in its application for acertificate of authority.
5. Revocation of a foreign corporation's certificate of authoritydoes not terminate the authority of the registered agent of thecorporation.
(L. 1990 H.B. 1432, A.L. 2009 H.B. 481)