§ 88A.740 — Cancellation of registration

1. A foreign business trust may cancel its registration by filing with the Secretary of State a certificate of cancellation signed by a trustee. The certificate must set forth:
(a) The name of the foreign business trust;
(b) The effective date and time of the cancellation if other than the time of the filing of the certificate, which date must not be more than 90 days after the date on which the certificate is filed; and
(c) Any other information deemed necessary by the trustee.
Ê A cancellation does not terminate the authority of the Secretary of State to accept service of process on the foreign business trust with respect to causes of action arising out of the transaction of business in this State.
2. If a certificate filed pursuant to subsection 1 specifies a later effective date but does not specify an effective time, the cancellation of the registration is effective at 12:01 a.m. in the Pacific time zone on the specified later date.

Legislative History

(Added to NRS by 1999, 1575 ; A 2003, 20th Special Session, 109 ; 2005, 2200 ; 2011, 2811 )