§ 17-19-1530 — Grounds for revocation

Wyoming § 17-19-1530

• Jurisdiction: Wyoming
• Title 17: Corporations, Partnerships and Associations
• Ch. 19: WYOMING NONPROFIT CORPORATION ACT
• Art. 15: FOREIGN CORPORATIONS

Text

(a) The secretary of state may commence a proceeding under
W.S. 17-19-1531 to revoke the certificate of authority of a
foreign corporation authorized to transact business in this
state if any of the following has occurred:
(i) The foreign corporation is without a registered
agent or registered office in this state for thirty (30) days or
more;
(ii) The foreign corporation does not inform the
secretary of state under W.S. 17-28-102 or 17-28-103 that its
registered agent or registered office has changed, that its
registered agent has resigned, or that its registered office has
been discontinued within thirty (30) days of the change,
resignation or discontinuance;
(iii) An incorporator, director, officer or agent of
the foreign corporation signed a document the person knew was
false in any material respect with intent that the document be
delivered to the secretary of state for filing;
(iv) The secretary of state receives a duly
authenticated certificate from the secretary of state or other
official having custody of corporate records in the state or
country under whose law the foreign corporation is incorporated
stating that it has been dissolved or disappeared as the result
of a merger;
(v) The corporation does not deliver its annual
reports or pay the annual license taxes to the secretary of
state when due pursuant to W.S. 17-19-1630;
(vi) The corporation has failed to respond to a valid
and enforceable subpoena;
(vii) It is in the public interest and the
corporation:
(A) Has provided fraudulent information or has
failed to correct false information upon request of the
secretary of state on any filing with the secretary of state
under this act;
(B) Cannot be served either by the registered
agent or by mail or electronically by the secretary of state
acting as the agent for process;
(C) Is owned or controlled by a foreign
government or foreign nongovernment person determined to be a
foreign adversary by the United States secretary of commerce and
specified in 15 C.F.R. 791.4(a) or a successor regulation,
except if the ownership or control has been approved by the
committee on foreign investment in the United States; or
(D) Has provided false or fraudulent information
to the registered agent, as determined by the secretary of state
during or following an examination of records pursuant to W.S.
17-28-108 or following notification by the registered agent.
(viii) The foreign corporation has failed to pay any
penalties imposed under W.S. 17-28-109.
(b) The attorney general may commence a proceeding under
W.S. 17-19-1531 to revoke the certificate of authority of a
foreign corporation authorized to transact business in this
state if:
(i) The corporation has continued to exceed or abuse
the authority conferred upon it by law;
(ii) The corporation would have been a public benefit
corporation had it been incorporated in this state and that its
corporate assets in this state are being misapplied or wasted;
or
(iii) The corporation would have been a public
benefit corporation had it been incorporated in this state and
it is no longer able to carry out its purposes.
(c) Prior to commencing a proceeding under W.S. 17-19-1531
the secretary of state may classify a foreign corporation as
delinquent awaiting administrative revocation if the foreign
corporation meets any of the criteria in subsection (a) of this
section.