4129 - Application for termination of authority.
§ 4129. Application for termination of authority. (a) General rule.--Any qualified foreign business corporation may withdraw from doing business in this Commonwealth and surrender its certificate of authority by filing in the Department of State an application for termination of authority, executed by the corporation, which shall set forth: (1) The name of the corporation and, subject to section 109 (relating to name of commercial registered office provider in lieu of registered address), the address, including street and number, if any, of its last registered office in this Commonwealth. (2) The name of the jurisdiction under the laws of which it is incorporated. (3) The date on which it received a certificate of authority to do business in this Commonwealth. (4) A statement that it surrenders its certificate of authority to do business in this Commonwealth. (5) A statement that notice of its intention to withdraw from doing business in this Commonwealth was mailed by certified or registered mail to each municipal corporation in which the registered office or principal place of business of the corporation in this Commonwealth is located, and that the official publication required by subsection (b) has been effected. (6) The post office address, including street and number, if any, to which process may be sent in an action or proceeding upon any liability incurred before the filing of the application for termination of authority. (b) Advertisement.--A qualified foreign business corporation shall, before filing an application for termination of authority, officially publish and mail a notice of its intention to withdraw from doing business in this Commonwealth in a manner similar to that required by section 1975(b) (relating to notice to creditors and taxing authorities). The notice shall set forth briefly: (1) The name of the corporation and the jurisdiction under the laws of which it is incorporated. (2) The address, including street and number, if any, of its principal office under the laws of its jurisdiction of incorporation. (3) Subject to section 109, the address, including street and number, if any, of its last registered office in this Commonwealth. (c) Filing.--The application for termination of authority and the certificates or statement required by section 139 (relating to tax clearance of certain fundamental transactions) shall be filed in the department. See section 134 (relating to docketing statement). (d) Effect of filing.--Upon the filing of the application for termination of authority, the authority of the corporation to do business in this Commonwealth shall cease. The termination of authority shall not affect any action or proceeding pending at the time thereof or affect any right of action arising with respect to the corporation before the filing of the application for termination of authority. Process against the corporation in an action upon any liability incurred before the filing of the application for termination of authority may be served as provided in 42 Pa.C.S. Ch. 53 (relating to bases of jurisdiction and interstate and international procedure) or as otherwise provided or prescribed by law. (Dec. 19, 1990, P.L.834, No.198, eff. imd.) 1990 Amendment. Act 198 amended subsec. (a). Cross References. Section 4129 is referred to in section 4127 of this title.