- A. A limited liability company may have its certificate of registration revoked by the Secretary of State and its authority to do business in this state canceled for failure to pay the registered agent fee prescribed by paragraph 12 of Section 2055 of Title 18 of the Oklahoma Statutes. Before such revocation the Secretary of State shall give not less than thirty (30) days' notice sent by mail duly addressed to such limited liability company at its principal place of business or last address shown on the records of the Secretary of State of the Secretary of State's intent to revoke its authority to transact business in this state.
- B. A limited liability company, after notice required by subsection A of this section, shall be subject to a penalty and shall forfeit to the state for each day it fails to comply with the provisions of this section, the sum of Twenty-five Dollars ($25.00) per day but not more than Five Hundred Dollars ($500.00) for each such offense.
- C. The Secretary of State shall rescind such revocation and return the limited liability company to active status upon the records of the state if the limited liability company tenders such penalties and any registered agent fees due within three (3) years of the revocation, to the Secretary of State.
Laws 1996, HB 2556, c. 69, § 15, eff. November 1, 1996.