§414D-283  Grounds for revocation of certificate of authority.  The department director may commence a proceeding under section 414D-284 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 by chapter 425R; 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 2001, c 105, pt of §1; am L 2002, c 130, §67; am L 2003, c 124, §39; am L 2009, c 55, §27]