State Codes and Statutes

Statutes > New-jersey > Title-14a > Section-14a-12 > 14a-12-11

14A:12-11.  Effect of revocation of dissolution
    (1) Upon the filing of a certificate of revocation of dissolution proceedings as authorized by this act, the revocation of dissolution proceedings shall become effective, and the corporation may, subject to the provisions of subsection 14A:12-11(2), again carry on its business in the same manner as if dissolution proceedings had never been commenced.  The corporation  shall be liable for all taxes payable under the  "Corporation Business Tax Act  (1945)"  (P.L.1945, c. 162), as amended and supplemented, or under the   "Financial Business Tax Law (1946)"  (P.L.1946, c. 174), as amended and  supplemented, as though dissolution of the corporation had not occurred.

    (2) If, pursuant to subsection 14A:2-2(3), a dissolved corporation has filed  a written consent to the adoption of its name or a confusingly similar name by  another, the subsequent revocation of dissolution proceedings pursuant to this  section shall not restore the dissolved corporation's right to the use of its  name.
 
L.1968, c.350.