(1) A corporation may revoke its dissolution within 120 days after the effective date
of the dissolution.
(2) Revocation of dissolution shall be authorized in the same manner as the dissolution
was authorized unless, in the case of authorization pursuant to Section 16-10a-1402, 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
(3) After the revocation of dissolution is authorized, the corporation may revoke
the dissolution by delivering to the division for filing articles of revocation of
dissolution, together with a copy of its articles of dissolution, that set forth:
(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(b) the effective date of the dissolution that was revoked;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 pursuant to Subsection (2) the corporation's board of directors or incorporators
revoked the dissolution authorized under Section 16-10a-1401, a statement to that effect;
(e) if pursuant to Subsection (2) the corporation's board of directors revoked a dissolution
approved by the shareholders, a statement that the revocation was permitted by action
by the board of directors alone pursuant to that authorization; and
(f) if the revocation of dissolution was approved pursuant to Subsection (2) by the
shareholders, the information required by Subsection 16-10a-1403(1)(e).
(5) When the revocation of dissolution is effective, it relates back to and takes
effect as of the effective date of the dissolution and the corporation may carry on
its business as if dissolution had never occurred.
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