4128 - Revocation of certificate of authority. - Pennsylvania Statutes

§ 4128. Revocation of certificate of authority. (a) General rule.--Whenever the Department of State finds that a qualified foreign business corporation has failed to secure an amended certificate of authority as required by this subchapter after changing its name, or has failed or refused to appear by its proper representatives, or otherwise to comply with any subpoena issued by any court having jurisdiction of the subject matter, or to produce books, papers, records or documents as required by a subpoena, or is violating any of the laws of this Commonwealth, or that its articles have been revoked or voided by its jurisdiction of incorporation, the department shall give notice and opportunity for hearing by registered or certified mail to the corporation that the default exists and that its certificate of authority, including any amendments thereof, will be revoked unless the default is cured within 30 days after the mailing of the notice. If the default is not cured within the period of 30 days, the department shall revoke the certificate of authority, including any amendments thereof, of the foreign business corporation. Upon revoking the certificate of authority, the department shall mail to the corporation, at its registered office in this Commonwealth, a certificate of revocation. (b) Effect of revocation.--Upon the issuance of the certificate of revocation, the authority of the corporation to do business in this Commonwealth shall cease, and the corporation shall not thereafter do any business in this Commonwealth unless it applies for and receives a new certificate of authority. (c) Exception.--Subsections (a) and (b) shall not apply to a foreign insurance corporation. (Dec. 19, 1990, P.L.834, No.198, eff. imd.) 1990 Amendment. Act 198 added subsec. (c).