2005 Idaho Code - 30-3-128 — PROCEDURE AND EFFECT OF REVOCATION OF AUTHORITY OF FOREIGN CORPORATION

                                  TITLE  30
                                 CORPORATIONS
                                  CHAPTER 3
                       IDAHO NONPROFIT CORPORATION ACT
    30-3-128.  PROCEDURE AND EFFECT OF REVOCATION OF AUTHORITY OF FOREIGN
CORPORATION. (1) If the secretary of state determines that one (1) or more
grounds exist under section 30-3-127, Idaho Code, for revocation of a
certificate of authority, he shall give notice of his determination to the
foreign corporation by first class mail addressed to its mailing address as
indicated on its most recent annual report or, if the foreign corporation has
not yet filed an annual report, to its registered office.
    (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 for revocation determined by the secretary of state
does not exist within sixty (60) days after receipt of the notice of
determination, the secretary of state may revoke the foreign corporation's
certificate of authority by noting the fact of revocation and the effective
date thereof in his records. The secretary of state shall give notice of the
revocation to the foreign corporation by first class mail addressed to its
mailing address as indicated on its most recent annual report, or if the
foreign corporation has not yet filed an annual report, to its registered
office.
    (3)  The authority of a foreign corporation to transact business in this
state ceases on the date shown on the notice of revocation of its certificate
of authority.
    (4)  Service of process on a foreign corporation whose certificate of
authority has been revoked may be made upon its registered agent, if any, or
pursuant to section 30-3-125, Idaho Code.
    (5)  Revocation of a foreign corporation's certificate of authority does
not terminate the authority of the registered agent of the corporation.