(1) A corporation administratively dissolved under ORS 554.305 may apply to the Secretary of State for reinstatement within five years from the date of dissolution. The application shall state:
(a) The name of the corporation and the effective date of its administrative dissolution; and
(b) That the ground or grounds for dissolution either did not exist or have been eliminated.
(2) If the Secretary of State determines that the application contains the information required by subsection (1) of this section, that the information is correct and that the corporation’s name satisfies the requirements of ORS 554.040 (2), the Secretary of State shall reinstate the corporation.
(3) When the reinstatement is effective, it relates back to and takes effect as of the effective date of the administrative dissolution and the corporation resumes carrying on its business as if the administrative dissolution had never occurred. [1987 c.94 §154; 1991 c.132 §16; 1995 c.215 §30]
Section: Previous 554.260 554.270 554.280 554.290 554.300 554.302 554.305 554.307 554.309 554.310 554.315 554.320 554.330 554.340 554.350 NextLast modified: August 7, 2008