181.1404 Revocation of dissolution.

(1) When permitted. A corporation may revoke its dissolution within 120 days of its effective date.

(2) How authorized. Revocation of dissolution must be authorized in the same manner as the dissolution was authorized unless that authorization permitted revocation by action of the board alone, in which event the board may revoke the dissolution without action by the members or any other person.

(3) Filing requirements. After the revocation of dissolution is authorized, the corporation may revoke the dissolution by delivering to the department for filing articles of revocation of dissolution, together with a copy of its articles of dissolution, that include all of the following information:

(a) The name of the corporation.

(b) The effective date of the dissolution that was revoked.

(c) The date that the revocation of dissolution was authorized.

(d) If the corporation's board or the incorporators revoked the dissolution, a statement to that effect.

(e) If the corporation's board revoked a dissolution authorized by the members alone or in conjunction with another person, a statement that revocation was permitted by action by the board alone pursuant to that authorization.

(f) If member or 3rd-person action was required to revoke the dissolution, the information required under s. 181.1403 (1) (e) and (f).

(4) Effective date. Revocation of dissolution is effective upon the effective date of the articles of revocation of dissolution.

(5) Effect of revocation. When the revocation of dissolution is effective, it relates back to and takes effect as of the effective date of the dissolution and the corporation resumes carrying on its activities as if dissolution had never occurred.

History: 1997 a. 79.