§ 7-1.2-1307 - Effect of statement of revocation of voluntary dissolution proceedings.
SECTION 7-1.2-1307
§ 7-1.2-1307 Effect of statement ofrevocation of voluntary dissolution proceedings. – (a) Upon the filing by the secretary of state of a statement of revocation ofvoluntary dissolution proceedings, whether by consent of its shareholders or byact of the corporation, the revocation of the voluntary dissolution proceedingsbecomes effective and the corporation may again carry on its business.
(b) Revocation of dissolution is effective upon the effectivedate of the statement of revocation of voluntary dissolution.
(c) When the revocation of dissolution is effective, itrelates back to and takes effect as of the effective date of the dissolutionand the corporation resumes carrying on its business as if dissolution hadnever occurred, except as subsequently provided.
(d) If, as permitted by the provisions of this title, anothercorporation, whether business or nonprofit, limited partnership, limitedliability partnership or limited liability company, domestic or foreign,qualified to transact business in this state, bears or has filed a fictitiousbusiness name statement with respect to or reserved or registered a name whichis not distinguishable upon the records of the secretary of state from the nameof a corporation with respect to which the certificate of voluntary dissolutionis proposed to be withdrawn, then the secretary of state shall conditioneffectiveness of the statement of revocation of voluntary dissolution upon theamendment by the corporation of its articles of incorporation or otherwisecomplying with the provisions of this chapter with respect to the use of a nameavailable to it under the laws of this state so as to designate a name which isdistinguishable upon the records of the secretary of state from its former name.