2005 Idaho Code - 53-655B — PROCEDURE FOR AND EFFECT OF ADMINISTRATIVE CANCELLATION

                                  TITLE  53
                                 PARTNERSHIP
                                  CHAPTER 6
                     IDAHO LIMITED LIABILITY COMPANY ACT
    53-655B.  PROCEDURE FOR AND EFFECT OF ADMINISTRATIVE CANCELLATION. (1) If
the secretary of state determines that one (1) or more grounds exist under
section 53-655A, Idaho Code, for administrative cancellation of registration,
he shall give notice of his determination to the foreign limited liability
company by first class mail addressed to its principal office as indicated on
its most recent annual report or, if it has not yet filed an annual report, to
its registered office.
    (2)  If the foreign limited liability company does not correct each ground
for administrative cancellation 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 receipt of the notice of
determination, the secretary of state may cancel the foreign limited liability
company's registration by noting the fact of cancellation and the effective
date thereof in his records.  The secretary of state shall give notice of the
cancellation to the foreign limited liability company by first class mail
addressed to its principal office as indicated on its most recent annual
report, or if it has not yet filed an annual report, to its registered office.
    (3)  The authority of a foreign limited liability company to transact
business in this state ceases on the date shown on the notice of
administrative cancellation of its registration.
    (4)  Service of process on a foreign limited liability company whose
registration has been administratively canceled may be made upon its
registered agent, if  any, or if there be none, by registered or certified
mail, return receipt requested, to a member or manager listed on the most
recent annual report, if any, or otherwise to the address of its office in the
jurisdiction of its formation as disclosed on its application for
registration.
    (5)  Cancellation of a foreign limited liability company's registration
does not terminate the authority of its registered agent.