Current through the 2024 Regular Session
Section 30-21-406 - TERMINATION OF LISTING OF COMMERCIAL REGISTERED AGENT(a) A commercial registered agent may terminate its listing as a commercial registered agent by delivering to the secretary of state for filing a commercial registered agent termination statement signed by the agent that states:(1) The name of the agent as listed under section 30-21-405, Idaho Code; and(2) That the agent is no longer in the business of serving as a commercial registered agent in this state.(b) A commercial registered agent termination statement takes effect at 12:01 a.m. on the thirty-first day after the day on which it is filed by the secretary of state.(c) The commercial registered agent promptly shall furnish each entity represented by the agent notice in a record of the filing of the commercial registered agent termination statement.(d) When a commercial registered agent termination statement takes effect, the commercial registered agent ceases to be the registered agent for each entity formerly represented by it. Until an entity formerly represented by a terminated commercial registered agent designates a new registered agent, service of process may be made on the entity pursuant to section 30-21-412, Idaho Code. Termination of the listing of a commercial registered agent under this section does not affect any contractual rights a represented entity has against the agent or that the agent has against the entity.[30-21-406, added 2015, ch. 243, sec. 10, p. 772.]Added by 2015 Session Laws, ch. 243,sec. 10, eff. 7/1/2015.