Maine Revised Statutes Title 13-B Sec. 1116 – Reinstatement of suspended corporate charter
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1. Reinstatement after charter suspension. A corporation whose charter was suspended before July 1, 2004 may apply to the Secretary of State for reinstatement and the reinstatement may be granted, if:
A. The Secretary of State determines that the application contains the information required under section 1114, subsection 1; [PL 2003, c. 631, §3 (NEW).]
B. The application for reinstatement is accompanied by the reinstatement fee set forth in section 1401, subsection 35; and [PL 2003, c. 631, §3 (NEW).]
C. The application for reinstatement is received by the Secretary of State by June 30, 2010. [PL 2003, c. 631, §3 (NEW).]
[PL 2003, c. 631, §3 (NEW).]
Terms Used In Maine Revised Statutes Title 13-B Sec. 1116
- 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.
2. Effect on corporation failing to reinstate by June 30, 2010. A corporation that fails to meet the requirements of subsection 1 is administratively dissolved and may not reinstate.
[PL 2003, c. 631, §3 (NEW).]
3. Protecting corporate name after suspension. The name of a corporation whose charter is suspended remains in the Secretary of State’s record of corporate names and is protected for a period of 3 years following its suspension.
[PL 2003, c. 631, §3 (NEW).]
SECTION HISTORY
PL 2003, c. 631, §3 (NEW).