Print
The Vermont Statutes Online
Title
11
:
Corporations, Partnerships and Associations
Chapter
025
:
LIMITED LIABILITY COMPANIES
Subchapter
008
:
FOREIGN LIMITED LIABILITY COMPANIES
§
4117. Revocation of certificate of authority
(a) The
Secretary of State may revoke a certificate of authority of a foreign limited
liability company to transact business in this State in the manner provided in
subsections (b) and (c) of this section if:
(1) the company
does not:
(A) pay, within
60 days after the due date, any fee, tax, or penalty due to the Secretary of
State under this chapter;
(B) appoint and
maintain an agent for service of process as required by section 4007 of this
title; or
(C) deliver for
filing a statement of change under section 4008 of this title within 30 days
after a change has occurred in the name or address of the agent; or
(2) the
Commissioner of Taxes notifies the Secretary of State that a foreign limited
liability company has failed to make a return, to pay a tax, to file a bond, or
to do any other act required under 32 V.S.A. chapter 211.
(b)(1) To revoke
a certificate of authority of a foreign limited liability company, the
Secretary of State shall file a notice of revocation and send a copy to the
company's agent for service of process in this State, or if the company does
not appoint and maintain a proper agent in this State, to the company's
designated office.
(2) A notice of
revocation shall state:
(A) the effective
date of the revocation, which shall be at least 60 days after the date the
Secretary of State sends the copy; and
(B) the grounds
for revocation under subsection (a) of this section.
(c) The
authority of a foreign limited liability company to transact business in this
State shall cease on the effective date of the notice of revocation unless,
before that date, the company cures each ground for revocation stated in the
notice filed under subsection (b) of this section. If the company cures each
ground, the Secretary of State shall file a record so stating. (Added 2015, No.
17, § 2.)
