Sec. 26. 13-C MRSA §1421, sub-§6, as enacted by PL 2001, c. 640, Pt. A, §2 and affected by Pt. B, §7, is repealed.

Sec. 27. 13-C MRSA §1421, sub-§7 is enacted to read:

7.__Notice to Superintendent of Financial Institutions in case of financial institution or credit union.__In the case of a financial institution authorized to do business in this State or a credit union authorized to do business in this State, as defined in Title 9-B, the Secretary of State shall notify the Superintendent of Financial Institutions within a reasonable time prior to administratively dissolving the financial institution or credit union under this section.

Sec. 28. 13-C MRSA §1510, sub-§2, as enacted by PL 2001, c. 640, Pt. A, §2 and affected by Pt. B, §7, is amended to read:

2. Method of service. A foreign corporation may be served by registered or certified mail, return receipt requested, addressed to the secretary an officer of the foreign corporation at its principal office shown in its application for authority, in any subsequent communication received from the corporation stating the current mailing address of its principal office or in its most recent annual report if the foreign corporation:

A. Has no registered agent or its registered agent can not with reasonable diligence be served;

B. Has withdrawn from transacting business in this State under section 1521; or

C. Has had its authority revoked under section 1532.

Sec. 29. 13-C MRSA §1531, as amended by PL 2003, c. 344, Pt. B, §130, is repealed.

Sec. 30. 13-C MRSA §1531-A is enacted to read:

§1531-A.__Grounds for revocation

Notwithstanding Title 4, chapter 5 and Title 5, chapter 375, the Secretary of State may commence a proceeding under section 1532 to revoke the authority of a foreign corporation authorized to transact business in this State if: