§ 7-6-58 Withdrawal of certificate ofrevocation. – (a) Within ten (10) years after issuing a certificate of revocation as providedin § 7-6-57, the secretary of state may withdraw the certificate ofrevocation and reinstate the corporation in good standing:
(1) Upon filing by the corporation of the documents it hadpreviously failed to file as set forth in subsections (a)(3) – (a)(6) of§ 7-6-56; and
(2) Upon the payment by the corporation of a penalty in theamount of twenty-five dollars ($25.00) for each year or part of a year that haselapsed since the issuance of the certificate of revocation.
(b) If as permitted by § 7-6-11(2) another corporation,whether business or nonprofit, or domestic or foreign qualified to transactbusiness in this state, bears or has filed a fictitious business name statementwith respect to or reserved or registered in a name which is the same as, thename of a corporation regarding which the certificate of revocation is proposedto be withdrawn, the secretary of state shall condition the withdrawal of thecertificate of revocation upon the reinstated corporation's amending itsarticles of incorporation so as to designate a name which is distinguishableupon the records of the secretary of state from its former name.
(c) Upon the withdrawal of the certificate of revocation andreinstatement of the corporation in good standing as provided in subsection(a), title to any real estate, or any interest in real estate, held by thecorporation at the time of the issuance of the certificate of revocation andnot conveyed subsequent to the revocation of its certificate of incorporationshall be deemed to be revested in the corporation without further act or deed.
§ 7-6-58 Withdrawal of certificate ofrevocation. – (a) Within ten (10) years after issuing a certificate of revocation as providedin § 7-6-57, the secretary of state may withdraw the certificate ofrevocation and reinstate the corporation in good standing:
(1) Upon filing by the corporation of the documents it hadpreviously failed to file as set forth in subsections (a)(3) – (a)(6) of§ 7-6-56; and
(2) Upon the payment by the corporation of a penalty in theamount of twenty-five dollars ($25.00) for each year or part of a year that haselapsed since the issuance of the certificate of revocation.
(b) If as permitted by § 7-6-11(2) another corporation,whether business or nonprofit, or domestic or foreign qualified to transactbusiness in this state, bears or has filed a fictitious business name statementwith respect to or reserved or registered in a name which is the same as, thename of a corporation regarding which the certificate of revocation is proposedto be withdrawn, the secretary of state shall condition the withdrawal of thecertificate of revocation upon the reinstated corporation's amending itsarticles of incorporation so as to designate a name which is distinguishableupon the records of the secretary of state from its former name.
(c) Upon the withdrawal of the certificate of revocation andreinstatement of the corporation in good standing as provided in subsection(a), title to any real estate, or any interest in real estate, held by thecorporation at the time of the issuance of the certificate of revocation andnot conveyed subsequent to the revocation of its certificate of incorporationshall be deemed to be revested in the corporation without further act or deed.
§ 7-6-58 Withdrawal of certificate ofrevocation. – (a) Within ten (10) years after issuing a certificate of revocation as providedin § 7-6-57, the secretary of state may withdraw the certificate ofrevocation and reinstate the corporation in good standing:
(1) Upon filing by the corporation of the documents it hadpreviously failed to file as set forth in subsections (a)(3) – (a)(6) of§ 7-6-56; and
(2) Upon the payment by the corporation of a penalty in theamount of twenty-five dollars ($25.00) for each year or part of a year that haselapsed since the issuance of the certificate of revocation.
(b) If as permitted by § 7-6-11(2) another corporation,whether business or nonprofit, or domestic or foreign qualified to transactbusiness in this state, bears or has filed a fictitious business name statementwith respect to or reserved or registered in a name which is the same as, thename of a corporation regarding which the certificate of revocation is proposedto be withdrawn, the secretary of state shall condition the withdrawal of thecertificate of revocation upon the reinstated corporation's amending itsarticles of incorporation so as to designate a name which is distinguishableupon the records of the secretary of state from its former name.
(c) Upon the withdrawal of the certificate of revocation andreinstatement of the corporation in good standing as provided in subsection(a), title to any real estate, or any interest in real estate, held by thecorporation at the time of the issuance of the certificate of revocation andnot conveyed subsequent to the revocation of its certificate of incorporationshall be deemed to be revested in the corporation without further act or deed.
