§ 23-17-22-4 — Revocation; authorization; articles of revocation; contents; effect

Indiana § 23-17-22-4

• Jurisdiction: Indiana
• Title 23: BUSINESS AND OTHER ASSOCIATIONS
• Art. 17: NONPROFIT CORPORATIONS
• Ch. 22: General Dissolution

Text

(a) A corporation may revoke the
corporation's dissolution within one hundred twenty (120) days of the
effective date of the dissolution.
(b) Revocation of dissolution must be authorized in the same
manner as the dissolution was authorized unless the authorization
permitted revocation by action of the board of directors alone, allowing
the board of directors to revoke the dissolution without action by the
members or any other person.
(c) After the revocation of dissolution is authorized, a corporation
may revoke the dissolution by delivering to the secretary of state for
filing articles of revocation of dissolution, together with a copy of the
corporation's articles of dissolution, that set forth the following:
(1) The name of the corporation.
(2) The effective date of the dissolution that was revoked.
(3) The date that the revocation of dissolution was authorized.
(4) If the corporation's board of directors or incorporators revoked
the dissolution, a statement to that effect.
(5) If the corporation's board of directors revoked a dissolution
authorized by the members or in conjunction with another person,
a statement that revocation was permitted by action by the board
of directors alone under that authorization.
(6) If member or third person action was required to revoke the
dissolution, the information required by section 3(a)(5) and
3(a)(6) of this chapter.
(d) Revocation of dissolution is effective upon the effective date
specified in the articles of revocation of dissolution.
(e) When a revocation of dissolution is effective, the revocation
relates back to and takes effect as of the effective date of the
dissolution. The corporation resumes carrying on the corporation's
activities as if dissolution had never occurred.

Legislative History

As added by P.L.179-1991, SEC.1.