2006 Kentucky Revised Statutes - .220   Reinstatement following administrative dissolution or revocation under prior law -- Exception.

271B.14-220 Reinstatement following administrative dissolution or revocation under prior law -- Exception. (1) A corporation administratively dissolved under KRS 271B.14-210, or revoked under the provisions of KRS 271A.615, which was repealed by 1988 Ky. Acts, ch. 23, sec. 248, may apply to the Secretary of State for reinstatement at any time after the effective date of dissolution or revocation. The application shall: (a)  Recite the name of the corporation and the effective date of its administrative dissolution or revocation; (b)  State that the ground or grounds for dissolution or revocation either did not exist or have been eliminated; (c)  State that the corporation's name satisfies the requirements of KRS 271B.4- 010; (d)  Contain a certificate from the Department of Revenue reciting that all taxes owed by the corporation have been paid; and (e)  Be accompanied by the reinstatement penalty and the current fee for filing each delinquent annual report provided for in KRS 271B.1-220. (2) If the Secretary of State determines that the application contains the information required by subsection (1) of this section and that the information is correct, he shall cancel the certificate of dissolution or revocation and prepare a certificate of existence that recites his determination and the effective date of reinstatement, file the original of the certificate, and serve a copy on the corporation by mailing the notice by first class mail to the corporation at its registered office. (3) When the reinstatement is effective, it shall relate back to and take effect as of the effective date of the administrative dissolution or revocation and the corporation shall resume carrying on its business as if the administrative dissolution or revocation had never occurred. (4) Notwithstanding any other provision to the contrary, any corporation which was administratively dissolved or revoked and has taken the action necessary to wind up and liquidate its business and affairs under KRS 271B.14-050, and notify claimants under KRS 271B.14-060 and 271B.14-070, shall be prohibited from reinstatement. Effective: June 20, 2005 History: Amended 2005 Ky. Acts ch. 85, sec. 668, effective June 20, 2005. -- Amended 1992 Ky. Acts ch. 161, sec. 1, effective April 1, 1992. -- Created 1988 Ky. Acts ch. 23, sec. 146, effective January 1, 1989.