§1424. Reinstatement of suspended corporate charter
1. Reinstatement after charter suspension. A corporation whose charter was suspended before July 1, 2003 may apply for reinstatement with the Secretary of State if:
A. The Secretary of State determines that the application contains the information required under section 1422, subsection 1; [PL 2003, c. 344, Pt. B, §116 (NEW).]
B. The application is accompanied by the reinstatement fee set forth in section 123, subsection 1; and [PL 2003, c. 344, Pt. B, §116 (NEW).]
C. The application is received by the Secretary of State by June 30, 2009. [PL 2003, c. 344, Pt. B, §116 (NEW).]
[PL 2003, c. 344, Pt. B, §116 (NEW).]
2. Effect on corporation failing to reinstate by June 30, 2009. A corporation that fails to meet the requirements of subsection 1 is administratively dissolved and may not reinstate.
[PL 2003, c. 344, Pt. B, §116 (NEW).]
3. Protecting corporate name after suspension. The name of a corporation whose charter is suspended remains in the Secretary of State's records of corporate names and is protected for a period of 3 years following its suspension.
[PL 2003, c. 344, Pt. B, §116 (NEW).]
SECTION HISTORY
PL 2003, c. 344, §B116 (NEW).
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