10-11530

10-11530. Grounds for revocation

The commission may commence a proceeding under section 10-11531 to revoke the
authority of a foreign corporation to conduct affairs in this state if any of the
following conditions exist:

1. The foreign corporation does not deliver the annual report to the commission
within the time required by chapters 24 through 40 of this title.

2. The foreign corporation does not pay any fees or penalties imposed by chapters
24 through 40 of this title when they become due and payable.

3. The foreign corporation is without a statutory agent or known place of business
in this state for sixty days or more.

4. The foreign corporation does not inform the commission that its statutory agent
or its known place of business has changed or that its statutory agent has resigned
within sixty days of the change or resignation.

5. The foreign corporation has failed to make any publication required by this
title, provided the commission has notified the foreign corporation of the intent of the
commission to commence a revocation proceeding for that reason and the foreign
corporation has failed to file an affidavit or other appropriate evidence of publication
within sixty days after that notice.

6. An incorporator, director, officer or agent of the foreign corporation signed a
document such person knew was false in any material respect with intent that the document
be delivered to the commission for filing.

7. The commission receives a duly authenticated certificate from the secretary of
state or other official having custody of corporate records in the state or country under
whose law the foreign corporation is incorporated stating that it has been dissolved or
disappeared as the result of a merger.

8. The corporation has failed to file a certificate of disclosure or answer
interrogatories as prescribed in chapters 24 through 40 of this title.

9. Any officer or other representative of the corporation has made any
misrepresentation of a material matter in any application, report or other document
submitted by the corporation pursuant to chapters 24 through 40 of this title.