State Codes and Statutes

Statutes > Connecticut > Title33 > Chap601 > Sec33-936

      Sec. 33-936. Procedure for and effect of revocation. (a) If the Secretary of the State determines that one or more grounds exist under section 33-935 for revocation of a certificate of authority, he shall serve the foreign corporation with written notice of his determination under section 33-929.

      (b) If the foreign corporation does not correct each ground for revocation or demonstrate to the reasonable satisfaction of the Secretary of the State that each ground determined by the Secretary of the State does not exist within sixty days after service of the notice is effective under section 33-929, the Secretary of the State may revoke the foreign corporation's certificate of authority by signing a certificate of revocation that recites the ground or grounds for revocation and its effective date. The Secretary of the State shall file the original of the certificate and serve a copy on the foreign corporation under section 33-929.

      (c) The authority of a foreign corporation to transact business in this state ceases on the date shown on the certificate revoking its certificate of authority.

      (d) The Secretary of the State's revocation of a foreign corporation's certificate of authority appoints the Secretary of the State the foreign corporation's agent for service of process in any proceeding based on a cause of action which arose during the time the foreign corporation was authorized to transact business in this state. Service of process on the Secretary of the State as provided in section 33-929 is service on the foreign corporation.

      (e) Revocation of a foreign corporation's certificate of authority does not terminate the authority of the registered agent of the corporation.

      (P.A. 94-186, S. 196, 215; P.A. 96-271, S. 142, 254; P.A. 97-246, S. 39, 87, 99.)

      History: P.A. 94-186 effective January 1, 1997; P.A. 96-271 amended Subsec. (d) to require the Secretary of the State to mail a copy of the process to "the foreign corporation" rather than "the secretary of the foreign corporation" and make a technical change, effective January 1, 1997; P.A. 97-246 amended Subsec. (b) to replace "perfected under Sec. 33-929" with "effective under Sec. 33-929" and amended Subsec. (d) to provide that service on the Secretary of the State is made "as provided in Sec. 33-929" rather than "under this section" and delete provision that required the Secretary of the State to mail a copy of the process to the foreign corporation, effective June 27, 1997.