SECTION 655:20-1-8. Annual Certificates for foreign corporations

(a)   Filing date and form. Annual Certificates for foreign corporations are to be filed on the anniversary date of their qualification in the state of Oklahoma pursuant to 18 O.S., Section 1142(A)(13). The annual certificate forms are printed and mailed on or about the first working day of the month preceding the month of their qualification date.

(b)   Notice of Impending Ouster. If any foreign corporation fails to file or cause to be filed an annual certificate, a "Notice of Impending Ouster" will be mailed to such corporation at its principal place of business or last address shown on the records of the Secretary of State, pursuant to the provisions of 18 O.S. Section 1134(B). Such notice of impending ouster shall give the corporation not less than thirty (30) days notice of the intent of the Secretary of State to revoke the corporation's license to do business in the State of Oklahoma.

(c)   Notice of Ouster. An official "Notice of Ouster" by the Secretary of State revoking and cancelling a foreign corporation's authority to do business in Oklahoma will be mailed to any foreign corporation that fails to file or cause to be filed its annual certificate at its principal place of business or last address shown on the records of the Secretary of State.

(1)   Violations and penalties. After the 30 day notice of impending ouster, the corporation shall be subject to a penalty of twenty-five dollars ($25.00) per business day for each day the corporation fails to comply. Penalties shall not exceed five hundred dollars ($500.00) for each such offense, pursuant to 18 O.S., Section 1134 (B)(2).

(2)   Receipt of Annual Certificate on day of ouster. Should the Office of the Secretary of State receive the Annual Certificate for such corporation accurately executed and with the proper filing fees on the ouster date, the certificate will be accepted for filing without penalties being assessed and upon such filing, the record of ouster will be deleted from the files of the Secretary of State.

(3)   Distribution of ouster list. A list of the corporations being ousted by the Office of the Secretary of State will be sent to the Oklahoma Tax Commission, Franchise Tax Division and the Oklahoma Securities Commission.

[Source: Added at 11 Ok Reg 4241, eff 7-25-94]