South Carolina Code 33-14-220. Reinstatement following administrative dissolution
(1) recite the name of the corporation and the effective date of its administrative dissolution;
Terms Used In South Carolina Code 33-14-220
- 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) state that the grounds for dissolution either did not exist or have been eliminated;
(3) state that the corporation’s name satisfies the requirements of § 33-4-101; and
(4) contain a certificate from the South Carolina Department of Revenue reciting that all taxes, penalties, and interest owed by the corporation, whether assessed or not, have been paid.
(b) If the Secretary of State determines that the application contains the information required by subsection (a) and that the information is correct, he shall cancel the certificate of dissolution and prepare a certificate of reinstatement that recites his determination and the effective date of reinstatement, file the original of the certificate, and send a copy to the corporation.
(c) When the reinstatement is effective, it relates back to and takes effect as of the effective date of the administrative dissolution and the corporation resumes carrying on its business as if the administrative dissolution had never occurred.