Section 1424 - Reinstatement of suspended corporate charter1.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; [2003, c. 344, Pt. B, §116(NEW).]B. The application is accompanied by the reinstatement fee set forth in section 123, subsection 1; and [2003, c. 344, Pt. B, §116(NEW).]C. The application is received by the Secretary of State by June 30, 2009. [2003, c. 344, Pt. B, §116(NEW).] [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. [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. [2003, c. 344, Pt. B, §116(NEW).]
2003, c. 344, §B116 (NEW) .