Iowa Code § 490.1404

Revocation of dissolution
Open in Lexace · Ask the AI about this section
1. A corporation may revoke its dissolution within one hundred twenty days after its effective date. 2. Revocation ofdissolution shall be authorized in the same manner as the dissolution was authorized unless that authorization permitted revocation by action of the board of directors alone, in which event the board of directors may revoke the dissolution without shareholder action. 3. After the revocation of dissolution is authorized, the corporation may revoke the dissolutionby delivering to thesecretary of state for filing articles of revocation of dissolution, together with a copy of its articles of dissolution, that set forth all of the following: 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 b. The effective date of the dissolution that was revoked.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 of directors or incorporators revoked the dissolution, a statement to that effect. e. If the corporation’s board of directors revoked a dissolution as authorized by the shareholders, a statement that revocation was permitted by action by the board of directors alone pursuant to that authorization. f. If shareholder action was required to revoke the dissolution, a statement that the revocation was duly approved by the shareholders in the manner required by this chapter and by the articles of incorporation and bylaws. 4. Thearticles of revocation ofdissolution shalltake effect atthe effective date determined in accordance with section 490.123. Revocation of dissolution iseffective upon the effective date of the articles of revocation of dissolution. 5. When the revocation of dissolution is effective, itrelates back to and takes effect as of the effective date of the dissolution and the corporation resumes carrying on itsbusiness as ifthe dissolution had never occurred. 165, §173, 230

‹ Prev All Iowa sections Next ›


Lexace provides legal information, not legal advice, and no attorney–client relationship is created. Statute text is provided for general information and may not reflect the most recent amendments; verify against the official state code.