§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).