§ 10A-4-5.03 — Revocation of Certificate of Authority

Alabama § 10A-4-5.03

• Jurisdiction: Alabama
• Title 10A: Alabama Business and Nonprofit Entities Code
• Ch. 4: Professional Corporations
• Art. 5: Regulation of Professional Corporations; Foreign Professional Corporations; Application to Existing Corporations

Text

The certificate of authority of a foreign professional corporation may be revoked by the Secretary of State if the foreign professional corporation fails to comply with any provision of this chapter applicable to the foreign professional corporation. Each licensing authority in this state shall certify to the Secretary of State, from time to time, the names of all foreign professional corporations which have given cause for revocation as provided in this chapter, together with the facts pertinent thereto. Whenever a licensing authority shall certify the name of a foreign professional corporation to the Secretary of State as having given cause for revocation, the licensing authority shall concurrently mail to the foreign professional corporation at its registered office in this state notice that the certification has been made. No certificate of authority of a foreign professional corporation shall be revoked by the Secretary of State unless the Secretary of State shall have given the foreign professional corporation not less than 60 days’ notice thereof and the foreign professional corporation shall fail prior to revocation to correct the noncompliance.

Legislative History

(Acts 1983, No. 83-514, p. 763, §19; §10-4-398; amended and renumbered by Act 2009-513, p. 967, §209; Act 2024-413, §1.)