29-3910. Termination of registration

A. The commission may terminate the registration of a registered foreign limited liability company or registered foreign series in the manner provided in subsections B and C of this section if the commission receives a duly authenticated certificate from the secretary of state or other official having custody of the company records in the state or country under whose law the foreign company or foreign series is organized stating that the foreign company or foreign series has ceased to exist, or if the foreign company or foreign series does not do any of the following:

1. Pay, not later than sixty days after the due date, any fee or penalty required to be paid to the commission.

2. Have a statutory agent as required by section 29-3115.

3. Have a principal address for at least sixty consecutive days.

4. Notify the commission within sixty days after its statutory agent or principal address has changed or within sixty days after its statutory agent has resigned.

5. Amend its foreign registration statement as required by section 29-3904.

6. Respond to interrogatories as prescribed in section 29-3212.

B. The commission may terminate the registration of a registered foreign limited liability company or registered foreign series by both of the following:

1. Filing a notice of the termination or noting the termination in the records of the commission.

2. Delivering a copy of the notice or the information in the notation to the statutory agent of the foreign company or foreign series or, if the foreign company or foreign series does not have a statutory agent, to the principal address of the foreign company or foreign series.

C. The notice must state or the information in the notation must include both of the following:

1. The effective date of the termination, which must be at least sixty days after the date the commission delivers the copy of the notice or the information in the notation.

2. The grounds for termination under subsection A of this section.

D. The authority of a registered foreign limited liability company or registered foreign series to do business in this state ceases on the effective date of the notice of the termination or notation under subsection B of this section, unless before that date the foreign company or foreign series cures each ground for termination stated in the notice or notation. If the foreign company or foreign series cures each ground, the commission shall file a record stating that the foreign company or foreign series cured each ground.