16-17-205 - Termination of listing of commercial registered agent. - Utah Statutes

16-17-205. Termination of listing of commercial registered agent.
(1) A commercial registered agent may terminate its listing as a commercial registeredagent by filing with the division a commercial registered agent termination statement signed byor on behalf of the agent which states:
(a) the name of the agent as currently listed under Section 16-17-204; and
(b) that the agent is no longer in the business of serving as a commercial registered agentin this state.
(2) A commercial registered agent termination statement takes effect on the 31st dayafter the day on which it is filed.
(3) The commercial registered agent shall promptly furnish each entity represented by itwith notice in a record of the filing of the commercial registered agent termination statement.
(4) When a commercial registered agent termination statement takes effect, the registeredagent ceases to be an agent for service of process on each entity formerly represented by it. Untilan entity formerly represented by a terminated commercial registered agent appoints a newregistered agent, service of process may be made on the entity as provided in Section 16-17-301. Termination of the listing of a commercial registered agent under this section does not affect anycontractual rights a represented entity may have against the agent or that the agent may haveagainst the entity.

Enacted by Chapter 364, 2008 General Session