16-10a-1520 - Withdrawal of foreign corporation. - Utah Statutes

16-10a-1520. Withdrawal of foreign corporation.
(1) A foreign corporation authorized to transact business in this state may not withdrawfrom this state until its application for withdrawal has been filed by the division.
(2) A foreign corporation authorized to transact business in this state may apply forwithdrawal by delivering to the division for filing an application for withdrawal setting forth:
(a) its corporate name and its assumed name, if any;
(b) the name of the state or country under whose law it is incorporated;
(c) the address of its principal office, or if none is to be maintained, a statement that thecorporation will not maintain a principal office, and if different from the address of the principaloffice or if no principal office is to be maintained, the address to which service of process may bemailed pursuant to Section 16-10a-1521;
(d) that the corporation is not transacting business in this state and that it surrenders itsauthority to transact business in this state;
(e) whether its registered agent will continue to be authorized to accept service on itsbehalf in any proceeding based on a cause of action arising during the time it was authorized totransact business in this state; and
(f) any additional information that the division determines is necessary or appropriate todetermine whether the corporation is entitled to withdraw, and to determine and assess any unpaidtaxes, fees, and penalties payable by it as prescribed by this chapter.
(3) A foreign corporation's application for withdrawal may not be filed by the divisionuntil all outstanding fees and state tax obligations have been paid and the division has received atax clearance certificate from the State Tax Commission.

Enacted by Chapter 277, 1992 General Session