Utah § 16-16-1212 Reinstatement following administrative dissolution.

Utah Statutes

§ 16-16-1212 — Reinstatement following administrative dissolution.

Utah·Title 16 Corporations·Ch. 16-16 Uniform Limited Cooperative Association Act·Part 16-16-12 Dissolution

(1)A limited cooperative association that has been dissolved administratively may apply to the division for reinstatement under the limited cooperative association's same name at any time after the effective date of dissolution if the limited cooperative association's name is available and the limited cooperative association delivers to the division for filing an application for reinstatement that states:

(1)(a) the name of the association and the effective date of its administrative dissolution;

(1)(b) that the grounds for dissolution either did not exist or have been eliminated; and

(1)(c) that the association's name satisfies the requirements of Section 16-16-111.

(2)A limited cooperative association administratively dissolved on or after May 1, 2019, but before May 1, 2024, may apply

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(1) A limited cooperative association that has been dissolved administratively may apply to the division for reinstatement under the limited cooperative association's same name at any time after the effective date of dissolution if the limited cooperative association's name is available and the limited cooperative association delivers to the division for filing an application for reinstatement that states:
(1)(a) the name of the association and the effective date of its administrative dissolution;
(1)(b) that the grounds for dissolution either did not exist or have been eliminated; and
(1)(c) that the association's name satisfies the requirements of Section 16-16-111.
(2) A limited cooperative association administratively dissolved on or after May 1, 2019, but before May 1, 2024, may apply for reinstatement under the limited cooperative association's same name if the limited cooperative association's name is available and the limited cooperative association delivers to the division for filing an application for reinstatement that satisfies the requirements of Subsections (1)(a) and (c).
(3) A limited cooperative association retains the limited cooperative association's name and assumed name, as described in Section 42-2-6.6, for five years after the day on which the dissolution is effective.
(4) If the division determines that an application contains the information required by Subsection (1) or (2) and that the information is correct, the division shall:
(4)(a) prepare a declaration of reinstatement;
(4)(b) file the original of the declaration; and
(4)(c) serve a copy of the declaration on the association.
(5) When reinstatement under this section becomes effective, it relates back to and takes effect as of the effective date of the administrative dissolution, and the limited cooperative association may resume or continue its activities as if the administrative dissolution had not occurred.

Utah § 16-16-1212 (Reinstatement following administrative dissolution.) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.