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3815 — Puerto Rico Law | CourtGPT
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  4. Title Fourteen - Private Corporations (§§ 1 — 4084)/
  5. Subtitle 5 - General Corporations Act (2009)/
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  7. 3815
Puerto Rico Legal Code

3815

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(a) If the Secretary of State shall determine that there exist one (1) or more grounds to revoke the certificate of authorization, in accordance with § 3814 of this title, he/she shall deliver to the foreign corporation a written notice of its determination in accordance with § 3811 of this title.\n(b) If within a term of sixty (60) days after delivery of the notice in accordance with § 3811 of this title, the foreign corporation does not make the appropriate corrections, or shows to the reasonable satisfaction of the Secretary of State that the grounds on which the determination of revocation was made have been eliminated, the Secretary of State may revoke the certificate of authorization of the foreign corporation by executing a certificate of revocation setting forth the ground or grounds for the revocation and the effective date thereof. The Secretary of State shall record the original of the certificate and deliver a copy to the foreign corporation pursuant to § 3811 of this title.\n(c) The authorization of a foreign corporation to do business in the Commonwealth shall expire on the date appearing on the certificate of revocation.\n(d) The revocation of the certificate of

itle.\n(c) The authorization of a foreign corporation to do business in the Commonwealth shall expire on the date appearing on the certificate of revocation.\n(d) The revocation of the certificate of authorization of a foreign corporation by the Secretary of State shall have the effect of designating the Secretary of State as agent of the corporation for purposes of service of process in any proceeding grounded on a cause of action which may have arisen during the time which the foreign corporation was authorized to do business in the Commonwealth. Service of the process upon the Secretary of State in accordance with this subsection shall constitute service of process upon the foreign corporation. Having received the service of process, the Secretary of State shall mail a copy thereof to the secretary of the foreign corporation at its registered office as it appears from the most recent annual report, or from any subsequent communication received from the corporation indicating its current mailing address or if no address appears in the record, at the office designated on the application for a certificate of authorization.\n(e) Any foreign corporation may appeal the revocation of

rrent mailing address or if no address appears in the record, at the office designated on the application for a certificate of authorization.\n(e) Any foreign corporation may appeal the revocation of its certificate by the Secretary of State, before the Court of First Instance (Superior Part) within the thirty (30) days following the date of delivery of the certificate of revocation pursuant to § 3811 of this title. The foreign corporation shall appeal by a petition to the court to set aside the revocation, attaching its certificate of authorization and the certificate of revocation of the Secretary of State.\n(f) The court may summarily order the Secretary of State to restore the certificate of authorization or take any other action the court deems appropriate.\n(g) The final order of the court may be reconsidered as in the case of other civil proceedings.\nHistory —Dec. 16, 2009, No. 164, § 13.15.