10-1530

10-1530. Grounds for revocation

The commission may commence a proceeding under section 10-1531 to revoke the
authority of a foreign corporation to transact business in this state if any of the
following conditions exist:

1. The foreign corporation does not deliver its annual report to the commission
within the time required by chapters 1 through 17 of this title.

2. The foreign corporation does not pay any fees or penalties imposed by chapters 1
through 17 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 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 he 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 1 through 17 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 1 through 17 of this title.