21-20,180 Foreign corporation; revocation of certificate of authority; procedure and effect. - Nebraska Statutes

21-20,180. Foreign corporation; revocation of certificate of authority; procedure and effect.(1) If the Secretary of State determines that one or more grounds exist under section 21-20,179 for revocation of a certificate of authority, he or she shall serve the foreign corporation with written notice of his or her determination under section 21-20,177.(2) If the foreign corporation does not correct each ground for revocation or demonstrate to the reasonable satisfaction of the Secretary of State that each ground determined by the Secretary of State does not exist within sixty days after service of the notice is perfected under section 21-20,177, the Secretary of State may revoke the foreign corporation's certificate of authority by signing a certificate of revocation that recites the ground or grounds for revocation and its effective date. The Secretary of State shall file the original of the certificate and serve a copy on the foreign corporation under section 21-20,177.(3) The authority of a foreign corporation to transact business in this state shall cease on the date shown on the certificate revoking its certificate of authority.(4) Revocation of a foreign corporation's certificate of authority shall not terminate the authority of the registered agent of the corporation. SourceLaws 1995, LB 109, § 180.