§ 490.1404 — Revocation of dissolution

Iowa § 490.1404

• Jurisdiction: Iowa
• Title XII: BUSINESS ENTITIES
• Ch. 490: BUSINESS CORPORATIONS

Text

1. A corporation may revoke its dissolution within one hundred twenty days after its
effective date.
2. Revocationofdissolutionshallbeauthorizedinthesamemannerasthedissolutionwas
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
dissolutionbydeliveringtothesecretaryofstateforfilingarticlesofrevocationofdissolution,
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b. The effective date of the dissolution that was revoked.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 as 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, a statement that the
revocation was duly approved by the shareholders in the manner required by this chapter
and by the articles of incorporation and bylaws.
4. Thearticlesofrevocationofdissolutionshalltakeeffectattheeffectivedatedetermined
in accordance with section 490.123. 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 and the corporation resumes carrying on its business as
if the dissolution had never occurred.