Louisiana Revised Statutes 12:1-1705 – A. A corporation whose charter was revoked before January 1, 2015, may be reinstated as provided in R.S. 12:1-1444 for a corporation that was terminated administratively. Subject to
Terms Used In Louisiana Revised Statutes 12:1-1705
- Amendment: A proposal to alter the text of a pending bill or other measure by striking out some of it, by inserting new language, or both. Before an amendment becomes part of the measure, thelegislature must agree to it.
- 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.
A. A corporation whose charter was revoked before January 1, 2015, may be reinstated as provided in La. Rev. Stat. 12:1-1444 for a corporation that was terminated administratively. Subject to the time limitation stated in Subsection F of this Section, a corporation whose charter was revoked before January 1, 2015, may also be reinstated as provided in Subsections B through E of this Section.
B. A corporation whose charter was revoked before January 1, 2015, may request reinstatement by delivering to the secretary of state for filing articles of charter-revocation reinstatement and the current annual report. The articles of charter-revocation reinstatement and the annual report shall be signed by an officer or director of the corporation who is entitled to approve articles of reinstatement under La. Rev. Stat. 12:1-1444(B). The annual report shall be accompanied by a written consent to appointment signed by the registered agent named in the annual report.
C. The articles of charter-revocation reinstatement shall state all of the following:
(1) The name of the corporation.
(2) That the charter of the corporation was revoked before January 1, 2015.
(3) That the reinstatement was approved by an officer or director who is entitled to approve articles of reinstatement pursuant to La. Rev. Stat. 12:1-1444(B).
(4) That the corporation is reinstated, effective retroactively as if the corporation had never been terminated.
D. If the corporation’s name is no longer available for use, the secretary of state shall file the articles of charter-revocation reinstatement only if the corporation also delivers for filing articles of amendment that change the name of the corporation to a name that meets the requirements of La. Rev. Stat. 12:1-401.
E. When the secretary of state files articles of charter-revocation reinstatement, the existence of the corporation is reinstated retroactively, and the corporation continues to exist as if the termination had never occurred.
F. A corporation may be reinstated pursuant to Subsections B through E of this Section only if the documents required by those Subsections, and entitled to filing pursuant to La. Rev. Stat. 12:1-120, are delivered for filing to the secretary of state before January 1, 2019.
Acts 2016, No. 442, §1.