(1) A limited liability company that is administratively dissolved under s. 183.0708 may apply to the department for reinstatement. The application shall include all of the following: (a) The name of the company and the effective date of its administrative dissolution. (b) A statement that each ground for dissolution either did not exist or has been cured. (c) A statement that the company’s name satisfies s. 183.0112. (2) (a) Upon application, the department shall reinstate a limited liability company if the department determines all of the following: 1. That the application contains the information required by sub. (1) and the information is correct. 2. That all fees and penalties owed by the company to the department under this chapter have been paid. (b) Upon reinstatement of a limited liability company under par. (a), the department shall enter a notation in its records revising the notation specified in s. 183.0708 (3) (b) to reflect cancellation of the dissolution and reinstatement of the company. The notation shall state both the department’s determination under par. (a) and the effective date of reinstatement. The department shall provide notice of the reinstatement to the company or its representative. (4) When reinstatement under this section is effective, all of the following rules apply: (a) Except as provided in par. (c), the reinstatement relates back to and takes effect as of the effective date of the administrative dissolution. (b) Except as provided in par. (c), the limited liability company resumes carrying on its activities and affairs as if the administrative dissolution had never occurred. (c) The rights of a person arising out of an act or omission in reliance on the dissolution before the person knew or had notice of the reinstatement are not affected.
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