499.78 - REINSTATEMENT FOLLOWING ADMINISTRATIVE DISSOLUTION.

        499.78  REINSTATEMENT FOLLOWING ADMINISTRATIVE      DISSOLUTION.         1.  An association administratively dissolved under section 499.77      may apply to the secretary of state for reinstatement at any time      after the effective date of dissolution.  The application must meet      all of the following requirements:         a.  Recite the name of the association at its date of      dissolution and the effective date of its administrative dissolution.         b.  State that the ground or grounds for dissolution have been      eliminated.         2.  If the secretary of state determines that the application      contains the information required by subsection 1 and that the      information is correct, the secretary of state shall cancel the      certificate of dissolution and prepare a certificate of reinstatement      that recites the secretary of state's determination and the effective      date of reinstatement, file the original of the certificate, and      serve a copy on the association pursuant to section 499.75.         3.  When the reinstatement is effective, it relates back to and      takes effect as of the effective date of the administrative      dissolution as if the administrative dissolution had never occurred.      
         Section History: Recent Form
         93 Acts, ch 126, §25; 97 Acts, ch 171, §33; 2006 Acts, ch 1089,      §41