Withdrawal of foreign corporation.

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47-1A-1520. Withdrawal of foreign corporation.

A foreign corporation authorized to transact business in this state may not withdraw from this state until it obtains a certificate of withdrawal from the Office of the Secretary of State. A foreign corporation authorized to transact business in this state may apply for a certificate of withdrawal by delivering an application to the secretary of state for filing. The application must set forth:

(1)The name of the foreign corporation and the name of the state or country under whose law it is incorporated;

(2)That it is not transacting business in this state and that it surrenders its authority to transact business in this state;

(3)That it revokes the authority of its registered agent to accept service on its behalf; and

(4)The address of the corporation's principal office.

After the withdrawal of the corporation is effective, service of process is perfected pursuant to §47-1A-1510.

Source: SL 2005, ch 239, §363.


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