Arizona Laws 43-1157. Clearance of revivor by corporation commission
A. Before any certificate of revivor is issued by the department it shall obtain from the corporation commission an endorsement upon such application of the fact that such corporation then qualifies for revival of corporate powers, rights and privileges.
Terms Used In Arizona Laws 43-1157
- Action: includes any matter or proceeding in a court, civil or criminal. See Arizona Laws 1-215
- Corporation: means a corporation, joint stock company, bank, insurance company, business trust or so-called "Massachusetts trust" investment company or building and loan association and any other association whether incorporated or unincorporated. See Arizona Laws 43-104
- Corporation: A legal entity owned by the holders of shares of stock that have been issued, and that can own, receive, and transfer property, and carry on business in its own name.
- Department: means the department of revenue, the director or the director's authorized delegate, as the context requires. See Arizona Laws 43-104
- Evidence: Information presented in testimony or in documents that is used to persuade the fact finder (judge or jury) to decide the case for one side or the other.
- taxpayer: means a corporation. See Arizona Laws 43-1101
B. Upon the issuance of such certificate by the department, the taxpayer therein named shall become reinstated. Such reinstatement shall be without prejudice to any action, defense or right which has accrued by reason of the original suspension or forfeiture.
C. The certificate of revivor shall be prima facie evidence of such reinstatement and such certificate may be recorded in the office of the county recorder of any county of this state.
D. A copy of such certificate shall be forwarded to the corporation commission for its files.