16-6a-1516 - Procedure for and effect of revocation.
16-6a-1516. Procedure for and effect of revocation.
(1) If the division determines that one or more grounds exist under Section 16-6a-1515for revoking the authority of a foreign nonprofit corporation to conduct affairs in this state, thedivision shall mail to the foreign nonprofit corporation with written notice of the division'sdetermination stating the grounds.
(2) (a) If the foreign nonprofit corporation does not correct each ground for revocation ordemonstrate to the reasonable satisfaction of the division that each ground determined by thedivision does not exist, within 60 days after mailing of the notice under Subsection (1), thedivision shall revoke the foreign nonprofit corporation's authority to conduct affairs in this state.
(b) If a foreign nonprofit corporation's authority to conduct affairs in this state is revokedunder Subsection (2)(a), the division shall:
(i) mail a written notice of the revocation to the foreign nonprofit corporation stating theeffective date of the revocation; and
(ii) mail a copy of the notice to:
(A) the last registered agent of the foreign nonprofit corporation; or
(B) if there is no registered agent of record, at least one officer of the corporation.
(3) The authority of a foreign nonprofit corporation to conduct affairs in this state ceaseson the date shown on the division's certificate revoking the foreign nonprofit corporation'scertificate of authority.
(4) Revocation of a foreign nonprofit corporation's authority to conduct affairs in thisstate does not terminate the authority of the registered agent of the foreign nonprofit corporation.
(5) A notice mailed under this section shall be:
(a) mailed first class, postage prepaid; and
(b) addressed to the most current mailing address appearing on the records of the divisionfor:
(i) the registered agent of the nonprofit corporation, if the notice is required to be mailedto the registered agent; or
(ii) the officer of the nonprofit corporation that is mailed the notice if the notice isrequired to be mailed to an officer of the nonprofit corporation.
Amended by Chapter 386, 2009 General Session