(a) Each foreign corporation authorized to transact business in this state must have and continuously maintain in this state a registered agent, who is either:
(1) An individual resident in this state; or
(2) A corporation, limited partnership, limited-liability partnership, limited-liability company, and in each case either domestic or one authorized to transact business in this state.
(b) Foreign corporations who are the holders of mortgages on real estate located within this state which do not maintain the loan documentation and records within the state shall authorize the registered agent to accept mortgage discharge payment and to issue a discharge of the mortgages upon the payment.
History of Section.
P.L. 2004, ch. 216, § 2; P.L. 2004, ch. 274, § 2; P.L. 2005, ch. 120, § 1; P.L. 2005, ch. 130, § 1.