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Searching 2019-2020 Session

The Vermont Statutes Online

 

Title 11 : Corporations, Partnerships and Associations

Chapter 025 : LIMITED LIABILITY COMPANIES

Subchapter 008 : FOREIGN LIMITED LIABILITY COMPANIES

(Cite as: 11 V.S.A. § 4117)
  • § 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.)