Kentucky Statutes 14A.9-070 – Grounds for revocation
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The Secretary of State may commence a proceeding to revoke the certificate of authority of a foreign entity if:
(1) The foreign entity does not deliver its annual report to the Secretary of State for filing on or before the due date;
(2) The foreign entity is without a registered office or registered agent in this
Commonwealth for sixty (60) days or more;
(3) The foreign entity does comply with KRS § 14A.4-020;
(4) An incorporator, organizer, director, member, manager, officer, partner, agent or trustee of the foreign entity signed a document knowing it was false in any material respect with intent that the document be delivered to the Secretary of State for filing; or
(5) The Secretary of State receives a duly authenticated certificate from the Secretary of State or other official having custody of business entity records in the state or country under whose law the foreign entity is organized stating that it has been dissolved or disappeared as the result of a merger.
Effective: January 1, 2011
History: Created 2010 Ky. Acts ch. 151, sec. 46, effective January 1, 2011.
(1) The foreign entity does not deliver its annual report to the Secretary of State for filing on or before the due date;
Terms Used In Kentucky Statutes 14A.9-070
- Business: includes every trade, occupation, and profession. See Kentucky Statutes 14A.1-070
- Entity: means a corporation, business or statutory trust, partnership, limited partnership, limited liability company, limited cooperative association, or unincorporated nonprofit association, governed as to its internal affairs by the laws of the Commonwealth of Kentucky. See Kentucky Statutes 14A.1-070
- Foreign: when applied to a corporation, partnership, limited partnership, business trust, statutory trust, or limited liability company, includes all those incorporated or formed by authority of any other state. See Kentucky Statutes 446.010
- Organized: means organized, incorporated, or formed. See Kentucky Statutes 14A.1-070
- State: when applied to a part of the United States, includes territories, outlying possessions, and the District of Columbia. See Kentucky Statutes 446.010
- Trustee: A person or institution holding and administering property in trust.
(2) The foreign entity is without a registered office or registered agent in this
Commonwealth for sixty (60) days or more;
(3) The foreign entity does comply with KRS § 14A.4-020;
(4) An incorporator, organizer, director, member, manager, officer, partner, agent or trustee of the foreign entity signed a document knowing it was false in any material respect with intent that the document be delivered to the Secretary of State for filing; or
(5) The Secretary of State receives a duly authenticated certificate from the Secretary of State or other official having custody of business entity records in the state or country under whose law the foreign entity is organized stating that it has been dissolved or disappeared as the result of a merger.
Effective: January 1, 2011
History: Created 2010 Ky. Acts ch. 151, sec. 46, effective January 1, 2011.