Section 53-16-7 - Revocation of voluntary dissolution proceedings by consent of shareholders.
53-16-7. Revocation of voluntary dissolution proceedings by consent of shareholders.
By the written consent of all of its shareholders, a corporation may, at any time prior to the issuance of a certificate of dissolution by the commission, revoke voluntary dissolution proceedings. Upon the execution of the written consent, a statement of revocation of voluntary dissolution proceedings shall be executed by the corporation by an authorized officer, which statement shall set forth:
A. the name of the corporation;
B. the names and respective addresses of its officers;
C. the names and respective addresses of its directors;
D. a copy of the written consent signed by all shareholders of the corporation revoking the voluntary dissolution proceedings; and
E. that the written consent has been signed by all shareholders of the corporation or signed in their names by their authorized attorneys.