Resignation of agent for service of process

RESIGNATION OF AGENT FOR SERVICE OF PROCESS. (a) To resign as an agent for service of process of a limited cooperative association or foreign cooperative, the agent must deliver to the Secretary of State for filing a statement of resignation containing the name of the agent and the name of the association or foreign cooperative. (b) After receiving a statement of resignation under subsection (a) of this section, the Secretary of State shall file it and mail or otherwise provide or deliver a copy to the limited cooperative association or foreign cooperative at its principal office. (c) An agency for service of process of a limited cooperative association or foreign cooperative terminates on the earlier of: (1) The thirty-first day after the Secretary of State files a statement of resignation under subsection (b) of this section; or (2) When a record designating a new agent for service of process is delivered to the Secretary of State for filing on behalf of the association or foreign cooperative and becomes effective.