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Statement of revival - 15 Pa. Cons. Stat. § 1341

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                               SUBCHAPTER B
                                 REVIVAL

     Sec.
     1341.  Statement of revival.
     § 1341.  Statement of revival.
        (a)  General rule.--Any business corporation whose charter or
     articles have been forfeited by proclamation of the Governor
     pursuant to section 1704 of the act of April 9, 1929 (P.L.343,
     No.176), known as The Fiscal Code, or otherwise, or whose
     corporate existence has expired by reason of any limitation
     contained in its charter or articles and the failure to effect a
     timely renewal or extension of its corporate existence, may at
     any time by filing a statement of revival procure a revival of
     its charter or articles, together with all the rights,
     franchises, privileges and immunities and subject to all of its
     duties, debts and liabilities that had been vested in and
     imposed upon the corporation by its charter or articles as last
     in effect.
        (b)  Contents of statement.--The statement of revival shall
     be executed in the name of the forfeited or expired corporation
     and shall, subject to section 109 (relating to name of
     commercial registered office provider in lieu of registered
     address), set forth:
            (1)  The name of the corporation at the time its charter
        or articles were forfeited or expired and the address,
        including street and number, if any, of its last registered
        office.
            (2)  The statute by or under which the corporation was
        incorporated and the date of incorporation.
            (3)  The name that the corporation adopts as its new name
        if the adoption of a new name is required by section 1304
        (relating to required name changes by senior corporations).
            (4)  The address, including street and number, if any, of
        its registered office in this Commonwealth.
            (5)  A reference to the proclamation or other action by
        which its charter or articles were forfeited or a reference
        to the limitation contained in its expired charter or
        articles.
            (6)  A statement that the corporate existence of the
        corporation shall be revived.
            (7)  A statement that the filing of the statement of
        revival has been authorized by the corporation. Every
        forfeited or expired corporation may act by its last
        directors or may elect directors and officers in the manner
        provided by this subpart for the limited purpose of effecting
        a filing under this section.
        (c)  Filing and effect.--The statement of revival and, in the
     case of a forfeited corporation, the clearance certificates
     required by section 139 (relating to tax clearance of certain
     fundamental transactions) shall be filed in the Department of
     State. Upon the filing of the statement of revival, the
     corporation shall be revived with the same effect as if its
     charter or articles had not been forfeited or expired by
     limitation. The revival shall validate all contracts and other
     transactions made and effected within the scope of the articles
     of the corporation by its representatives during the time when
     its charter or articles were forfeited or expired to the same
     effect as if its charter or articles had not been forfeited or
     expired.
        (d)  Cross reference.--See section 134 (relating to docketing
     statement).

Last modified: November 27, 2007