2006 Code of Virginia § 13.1-1050.1 - Reinstatement

13.1-1050.1. Reinstatement.

A limited liability company that has filed a certificate of cancellation maybe relieved of the cancellation and its certificate of organization shall bereinstated by filing articles of reinstatement in the form prescribed by theCommission not later than five years following the date of cancellation,together with a reinstatement fee of $100 and all registration fees andpenalties that were due before the certificate of organization was cancelledor that would have become due had the certificate of organization not beencancelled. If the name of the limited liability company is not available atthe time of reinstatement, as a precondition to reinstatement, the articlesof reinstatement shall contain an amendment to the articles of organizationto change the limited liability company's name. If the limited liabilitycompany complies with the provisions of this section, the Commission shallreinstate the certificate of organization of the limited liability company,and the limited liability company shall be deemed not to have had itscertificate of organization cancelled. In that event, the reinstated limitedliability company shall resume carrying on its business as if neithercancellation nor dissolution had ever occurred, and any liability incurred bythat limited liability company or a member, manager or other agent after thecancellation and before the reinstatement is determined as if cancellationhad never occurred.

(1998, c. 432; 2004, c. 601.)