2006 Kentucky Revised Statutes - .445   Notice of determination -- Revocation of certificate -- Effect of revocation.

275.445 Notice of determination -- Revocation of certificate -- Effect of revocation. (1) If the Secretary of State determines that one (1) or more grounds exist under KRS 275.440 for revocation of a certificate of authority, the Secretary of State shall serve the foreign limited liability company with written notice of its determination by mailing the notice by first-class mail to the foreign limited liability company at its registered office. (2) If the foreign limited liability company 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 (60) days after the mailing of the notice, the Secretary of State shall revoke the foreign limited liability company'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 to the foreign limited liability company by mailing notice by first-class mail to the foreign limited liability company at its registered office. (3) The authority of a foreign limited liability company to transact business in this Commonwealth shall cease on the date shown on the certificate of revocation. (4) The Secretary of State's revocation of a foreign limited liability company's certificate of authority shall have the effect of appointing the Secretary of State as the foreign limited liability company's agent for service of process in any proceeding based on a cause of action which arose during the time the foreign limited liability company was authorized to transact business in this Commonwealth. Service of process on the Secretary of State under this subsection shall be service on the foreign limited liability company. Upon receipt of process, the Secretary of State shall mail a copy of the process to the appropriate representative of the foreign limited liability company at its principal office as shown in its most recent annual report or in any subsequent communication received from the foreign limited liability company stating the current mailing address of its principal office, or, if none are on file, in its application for a certificate of authority. (5) Revocation of a foreign limited liability company's certificate of authority shall not terminate the authority of the registered agent of the foreign limited liability company. Effective: July 15, 1994 History: Created 1994 Ky. Acts ch. 389, sec. 89, effective July 15, 1994. Page 1 of 1