Except in a proceeding by the State or any of its political subdivisions, the acceptance of a certificate of reinstatement for record by the Department is conclusive evidence of:
(1) The payment of all fees, taxes, unemployment insurance contributions, and reimbursement payments required to be paid;
(2) The filing of all reports required to be filed; and
(3) The reinstatement of the right of the statutory trust to do business in the State.
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