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Wisconsin Statutes Corporations (Ch. 180 to 188) § 180.1530. Grounds for revocation

Current as of January 01, 2025 | Updated by Findlaw Staff

(1) Except as provided in sub. (1m), the department may bring a proceeding under s. 180.1531 to revoke the certificate of authority of a foreign corporation authorized to transact business in this state if any of the following applies:

(a) The foreign corporation does not have on file its annual report with the department within 4 months after it is due.

(b) The foreign corporation does not pay, within 4 months after they are due, any fees or penalties due the department under this chapter.

(c) The foreign corporation is without a registered agent or registered office in this state for at least 6 months.

(d) The foreign corporation does not notify the department under s. 180.1508 or 180.1509within 6 months that its registered agent or registered office has changed, that its registered agent has resigned or that its registered office has been discontinued.

(e) The foreign corporation obtained its certificate of authority through fraud or its application for certificate of authority contains fraudulent or materially false information.

(f) The department 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 or other event.

(g) The foreign corporation violates s. 940.302(2) or 948.051(2).

(1m) If the department receives a certificate under sub. (1)(f) and a statement by the foreign corporation that the certificate is submitted by the foreign corporation to terminate its authority to transact business in this state, the department shall revoke the foreign corporation's certificate of authority under s. 180.1531(2)(b).

(2) A court may revoke under s. 946.87 the certificate of authority of a foreign corporation authorized to transact business in this state. The court shall notify the department of the action, and the department shall revoke the foreign corporation's certificate of authority under s. 180.1531(2)(b).

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Cite this article: FindLaw.com - Wisconsin Statutes Corporations (Ch. 180 to 188) § 180.1530. Grounds for revocation - last updated January 01, 2025 | https://codes.findlaw.com/wi/corporations-ch-180-to-188/wi-st-180-1530/

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