Procedure for Revocation

The Division shall give written notice to the registered agent of a foreign corporation at its registered office that one or more grounds exist for revocation of its authority to transact business in the commonwealth. The notice shall be made by mail, postage prepaid to the foreign corporation’s registered office, or if the registered agent has agreed, by electronic mail. If the foreign corporation does not correct each of the grounds for revocation or demonstrate to the reasonable satisfaction of the division that each of the grounds does not exist within 90 days after notice is given, the Division shall revoke the foreign corporation’s authority to transact business in the commonwealth.