2006 Code of Virginia § 13.1-931.1 - Reentry of foreign corporation whose certificate of authority has been surrendered or revoke...

13.1-931.1. Reentry of foreign corporation whose certificate of authorityhas been surrendered or revoked.

A foreign corporation whose certificate of authority issued by the Commissionhas been surrendered or revoked may apply to the Commission for reentrywithin five years thereafter unless the certificate of authority was revokedby order of the Commission upon a finding that the corporation has continuedto exceed or abuse the authority conferred upon it by law. The Commissionshall enter an order reentering the certificate of authority upon receivingan annual report, together with payment of a reentry fee of $10 plus allregistration fees and penalties that were due before the certificate ofauthority was surrendered or revoked and that would have become duethereafter if the corporation had not had its certificate of authoritysurrendered or revoked. The application for reentry may be by letter signedby an officer or director of the corporation. A corporation need not refile acopy of its charter or any amendment thereof that is then on file in theoffice of the Clerk of the Commission. After the authority of a foreigncorporation to transact business in the Commonwealth has been surrendered orrevoked, the Clerk shall retain in the files of his office the charter andamendments thereto filed by the corporation and its original application forauthority to transact business for a period of five years. A dulyauthenticated copy of any amendments made to the articles of incorporation bya foreign corporation and any mergers entered into by a foreign corporationfrom the date of surrender or revocation of its certificate of authority tothe date of application for reentry shall be filed with the application forreentry. If the name of a foreign corporation, whose certificate of authorityissued by the Commission has been surrendered or revoked, is notdistinguishable upon the records of the Commission at the time application ismade for reentry, such foreign corporation shall adopt a designated name foruse in the Commonwealth that is distinguishable upon the records of theCommission. Upon compliance with the provisions of this section theCommission shall enter an order reentering the certificate of authority to dobusiness in the Commonwealth.

(1987, c. 431; 1988, c. 405; 2004, c. 274.)