Nevada Code § 84.150

Defaulting corporations: Conditions and procedure for reinstatement
Open in Lexace · Ask the AI about this section
1. Except as otherwise provided in
subsections 3 and 4, the Secretary of State shall reinstate any corporation
sole which has forfeited its right to transact business under the provisions of
this chapter and restore the right to carry on business in this State and
exercise its corporate privileges and immunities, if it:
(a) Files with the Secretary of State:
(1) The information required pursuant to NRS 77.310 ; and
(2) A declaration under penalty of
perjury, on a form provided by the Secretary of State, that the reinstatement
is authorized by a court of competent jurisdiction in this State or by the
archbishop, bishop, president, trustee in trust, president of stake, president
of congregation, overseer, presiding elder, district superintendent, other
presiding officer or member of the clergy of a church or religious society or
denomination, who has been chosen, elected or appointed in conformity with the
constitution, canons, rites, regulations or discipline of the church or
religious society or denomination, and in whom is vested the legal title to
property held for the purposes, use or benefit of the church or religious
society or denomination; and
(b) Except as otherwise provided in NRS 231.14057 , pays to the Secretary of
State the:
(1) Filing fees and penalties set forth in
this chapter for each year or portion thereof during which its charter has been
revoked; and
(2) Fee for reinstatement set forth in
paragraph (c) of subsection 2 of NRS 84.110 .
2. When the Secretary of State reinstates
the corporation to its former rights, the Secretary of State shall:
(a) Immediately issue and deliver to the
corporation a certificate of reinstatement authorizing it to transact business,
as if the fees had been paid when due; and
(b) Upon demand, issue to the corporation a
certified copy of the certificate of reinstatement.
3. Except as otherwise provided in NRS 231.14057 , the Secretary of State
shall not order a reinstatement unless all delinquent fees and penalties have
been paid, and the revocation of its charter occurred only by reason of its
failure to pay the fees and penalties.
4. If a corporate charter has been revoked
pursuant to the provisions of this chapter and has remained revoked for 10
consecutive years, the charter must not be reinstated.
5. A reinstatement pursuant to this
section relates back to the date on which the corporation forfeited its right
to transact business under the provisions of this chapter and reinstates the
corporations right to transact business as if such right had at all times
remained in full force and effect.

‹ Prev All Nevada 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.