§ 10-34-05 — Renewal of registration

Any registration of a real estate investment trust filed under this chapter must be renewed
every five years from the date of the initial filing. The statement of renewal must be executed by
the real estate investment trust on forms prescribed and furnished by the secretary of state and
sent to the address of the registered office at least sixty days before the deadline for filing. The
statement must include the name of the real estate investment trust, the state or country of
organization, the name and principal place of business of each trustee and officer, the address
of the registered office and the name of the registered agent, and a statement that the real
estate investment trust is still in existence and continues to transact business in this state. If the
secretary of state finds that the statement conforms to the requirements of this section, and the
proper filing fee has been paid, the secretary of state shall file the statement. If the secretary of
state finds that the statement does not conform, the secretary of state promptly shall return the
statement to the real estate investment trust for any necessary corrections, and the certificate of
registration must be canceled if the statement is not returned corrected within thirty days after
the statement was returned for corrections. If any real estate investment trust fails to file the
statement of renewal when due, the secretary of state shall cancel the registration and shall
mail notice of cancellation to the address of the registered office. Upon cancellation, the real
estate investment trust shall cease to exist.