Vermont § 1637 - Authority to terminate and amend registration

§ 1637. Authority to terminate and amend registration

• (a) The Secretary of State shall have the authority to: (1) terminate the registration of a person who, pursuant to an administrative order, a
  final court order, or an assurance of discontinuance, is not authorized to conduct
  business in this State; and (2) amend the person’s records to reflect the termination of a registration pursuant to
  subdivision (1) of this subsection. (b)(1) If the Secretary of State terminates the registration of a person pursuant to this
  section, the person appoints the Secretary as the person’s agent for service of process
  in any proceeding based on a cause of action that arose during the time the person
  was authorized to transact, or was transacting without authorization, business in
  this State. (2) Upon receipt of process, the Secretary of State shall deliver by registered mail a
  copy of the process to the terminated person at its principal office shown in its
  most recent annual report or in any subsequent communication received from the person
  stating the current mailing address of its principal office, or, if none is on file,
  in its application for registration. (c)(1) If a court or other person with sufficient legal authority reinstates the ability
  of a terminated person to conduct business in this State, the terminated person may
  file with the Secretary of State evidence of the reinstated authority and pay to the
  Secretary a fee of $25.00 for each year the person is delinquent. (2) Upon receipt of a filing and payment pursuant to subdivision (1) of this subsection,
  the Secretary shall cancel the termination and prepare a certificate of reinstatement,
  file the original of the certificate, and serve a copy on the person. (Added 2015, No. 128 (Adj. Sess.), § C.2; amended 2025, No. 10, § 4, eff. July 1, 2025.)