Cancellation of Authority

Cancellation of Authority. A foreign limited liability company may cancel its authority to transact business in the Commonwealth by filing in the office of the Registrar of Corporations a certificate of cancellation. Cancellation does not terminate the authority of the Registrar of Corporations to accept service of process on the company for claims for relief arising out of the transactions of business in the Commonwealth. Source: PL 14-11, § 2 (1007). Commission Comment: See the comment to 4 CMC § 4801 regarding PL 14-11.