§4117. Revocation of certificate of authority

Link to law: http://legislature.vermont.gov/statutes/section/11/025/04117
Published: 2015

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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.)
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