C.  Revocation of Certificate of Authority

     §414-461  Grounds for revocation.  The department director may commence a proceeding under section 414-462 to revoke the certificate of authority of a foreign corporation authorized to transact business in this State if:

     (1)  The corporation fails to:

          (A)  Pay any fees prescribed by law;

          (B)  File its annual report for a period of two years;

          (C)  Appoint and maintain an agent for service of process as required; or

          (D)  File a statement of a change in the name or business address of the agent as required; or

     (2)  A misrepresentation has been made of any material matter in any application, report, affidavit, or other record or document submitted by the corporation. [L 2000, c 244, pt of §1; am L 2001, c 129, §48; am L 2002, c 130, §34; am L 2003, c 124, §16]