Procedure for and effect of revocation

(a) If the Secretary of the State determines that one or more grounds exist under section 33-1225 for revocation of a certificate of authority, the Secretary shall notify such foreign corporation by electronic mail addressed to such foreign corporation at such corporation's electronic mail address as last shown on the Secretary's records that under the provisions of this section the foreign corporation's certificate of authority is to be revoked. (b) If the foreign corporation does not correct each ground for revocation or demonstrate to the reasonable satisfaction of the Secretary of the State that each ground determined by the Secretary of the State does not exist, within ninety days after sending of the notice, the Secretary of the State may revoke the foreign corporation's certificate of authority by signing a certificate of revocation that recites the ground or grounds for revocation and its effective date. The Secretary of the State shall file the original of the certificate and shall: (1) Send a copy thereof to the delinquent foreign corporation, addressed to such foreign corporation at such corporation's electronic mail address as last shown on the Secretary's records; and (2) cause notice of the filing to be posted on the office of the Secretary of the State's Internet web site for a period of sixty days following the date on which the Secretary of the State files the certificate of revocation. (c) The authority of a foreign corporation to conduct affairs in this state ceases on the date shown on the certificate revoking its certificate of authority. (d) The Secretary of the State's revocation of a foreign corporation's certificate of authority appoints the Secretary of the State the foreign corporation's agent for service of process in any proceeding based on a cause of action which arose during the time the foreign corporation was authorized to conduct affairs in this state. Service of process on the Secretary of the State as provided in section 33-1219 is service on the foreign corporation. (e) Revocation of a foreign corporation's certificate of authority does not terminate the authority of the registered agent of the corporation.