(a) The Secretary of State upon determining that one or more grounds exist under section 21-19,157 for revocation of a certificate of authority shall serve the foreign corporation
with written notice of that determination under section 21-19,155.
(b) The Attorney General, upon determining that one or more grounds exist under subsection
(b) of section 21-19,157 for revocation of a certificate of authority, shall request
the Secretary of State to serve, and the Secretary of State shall serve the foreign
corporation with written notice of that determination under section 21-19,155.
(c) If the foreign corporation does not, within sixty days after service of the notice
is perfected under section 21-19,155, correct each ground for revocation or demonstrate to the reasonable satisfaction
of the Secretary of State or Attorney General that each ground for revocation determined
by the Secretary of State or Attorney General does not exist, the Secretary of 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 State shall file the original of the certificate of revocation and
serve a copy on the foreign corporation under section 21-19,155.
(d) The authority of a foreign corporation to transact business in this state ceases
on the date shown on the certificate of revocation revoking its certificate of authority.
(e) Revocation of a foreign corporation's certificate of authority does not terminate
the authority of the registered agent of the corporation.
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