Section 504.1423 - Reinstatement following administrative dissolution1. A corporation administratively dissolved under section 504.1422 may apply to the secretary of state for reinstatement at any time after the effective date of dissolution. The application must state all of the following: a. The name of the corporation and the effective date of its administrative dissolution.b. That the ground or grounds for dissolution either did not exist or have been eliminated.c. If the application is received more than five years after the effective date of dissolution, state the corporation's name satisfies the requirements of section 504.401. 2.a. If the secretary of state determines that the application contains the information required by subsection 1, and that the information is correct, the secretary of state shall cancel the certificate of dissolution and prepare a certificate of reinstatement reciting that determination and the effective date of reinstatement, file the document, and deliver a copy to the corporation under section 504.504.b. If the corporate name in subsection 1, paragraph "c", is different from the corporate name in subsection 1, paragraph "a", the certificate of reinstatement shall constitute an amendment to the articles of incorporation insofar as it pertains to the corporate name. A corporation shall not relinquish the right to retain its corporate name if the reinstatement is effective within five years of the effective date of the corporation's dissolution.3. When reinstatement is effective, it relates back to and takes effect as of the effective date of the administrative dissolution and the corporation shall resume carrying on its activities as if the administrative dissolution had never occurred.2004 Acts, ch 1049, §146, 192; 2006 Acts, ch 1089, §58 - 60; 2010 Acts, ch 1040, § 5; 2020 Acts, ch 1118, § 27
Amended by 2024 Iowa, ch Chapter 1048,s 4, eff. 7/1/2024.Amended by 2020 Iowa, ch 1118, s 27, eff. 7/1/2020.2004 Acts, ch 1049, §146, 192; 2006 Acts, ch 1089, §58 - 60; 2010 Acts, ch 1040, §5Referred to in §488.108, 490.401, 504.401, 504.403