490.1404 - REVOCATION OF DISSOLUTION.

        490.1404  REVOCATION OF DISSOLUTION.         1.  A corporation may revoke its dissolution within one hundred      twenty days of the effective date of its articles of dissolution.         2.  Revocation of dissolution must be authorized in the same      manner as the dissolution was authorized unless that authorization      permitted revocation by action of the board of directors alone, in      which event the board of directors may revoke the dissolution without      shareholder action.         3.  After the revocation of dissolution is authorized, the      corporation may revoke the dissolution by delivering to the secretary      of state for filing articles of revocation of dissolution, together      with a copy of its articles of dissolution, that set forth all of the      following:         a.  The name of the corporation.         b.  The effective date of the dissolution that was revoked.         c.  The date that the revocation of dissolution was      authorized.         d.  If the corporation's board of directors or incorporators      revoked the dissolution, a statement to that effect.         e.  If the corporation's board of directors revoked a      dissolution authorized by the shareholders, a statement that      revocation was permitted by action by the board of directors alone      pursuant to that authorization.         f.  If shareholder action was required to revoke the      dissolution, the information required by section 490.1403, subsection      1, paragraph "c".         4.  Revocation of dissolution is effective upon the effective date      of the articles of revocation of dissolution.         5.  When the revocation of dissolution is effective, it relates      back to and takes effect as of the effective date of the dissolution      as if the dissolution had never occurred.  
         Section History: Recent Form
         89 Acts, ch 288, §148; 2002 Acts, ch 1154, §92, 125; 2003 Acts, ch      44, §88         Referred to in §524.1306