Section 1116 - Reinstatement of suspended corporate charter1.Reinstatement after charter suspension. A corporation whose charter was suspended before July 1, 2004 may apply to the Secretary of State for reinstatement and the reinstatement may be granted, if:A. The Secretary of State determines that the application contains the information required under section 1114, subsection 1; [2003, c. 631, §3(NEW).]B. The application for reinstatement is accompanied by the reinstatement fee set forth in section 1401, subsection 35; and [2003, c. 631, §3(NEW).]C. The application for reinstatement is received by the Secretary of State by June 30, 2010. [2003, c. 631, §3(NEW).][2003, c. 631, §3(NEW).]
2.Effect on corporation failing to reinstate by June 30, 2010. A corporation that fails to meet the requirements of subsection 1 is administratively dissolved and may not reinstate.[2003, c. 631, §3(NEW).]
3.Protecting corporate name after suspension. The name of a corporation whose charter is suspended remains in the Secretary of State's record of corporate names and is protected for a period of 3 years following its suspension.[2003, c. 631, §3(NEW).]
2003, c. 631, § 3 (NEW) .