The Vermont Statutes Online

Title 11: Corporations, Partnerships and Associations

Chapter 14: COOPERATIVE HOUSING OWNERSHIP ACT

11 V.S.A. § 1587. Perfection of security interests in cooperative interests



§ 3137. Revocation of certificate of authority

(a) A certificate of authority of a foreign limited liability company to transact business in this state may be revoked by the secretary of state in the manner provided in subsection (b) of this section if:

(1) the company fails to:

(A) appoint and maintain an agent for service of process as required by this chapter; or

(B) file a statement of a change in the name or business address of the agent for service of process as required by this chapter; or

(2) a misrepresentation has been made of any material matter in any application, report, affidavit or other document submitted by the company pursuant to this chapter.

(b) The secretary of state may not revoke a certificate of authority of a foreign limited liability company unless the secretary of state sends the company notice of the revocation, at least 60 days before its effective date, to its agent for service of process in this state, or if the company fails to appoint and maintain a proper agent in this state, addressed to the office required to be maintained by section 3008 of this title. The notice must identify the cause for the revocation of the certificate of authority. The authority of the company to transact business in this state ceases on the effective date of the revocation unless the foreign limited liability company cures the failure before that date. (Added 1995, No. 179 (Adj. Sess.), § 4.)