Nevada § 84.150 - Defaulting corporations: Conditions and procedure for reinstatement

§ 84.150. Defaulting corporations: Conditions and procedure for reinstatement

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during which its charter has been revoked; and (2) Fee for reinstatement set forth in paragraph (c) of subsection 2 of NRS 84.110 . 2.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 If a corporate charter has been revoked pursuant to the provisions of this chapter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 corporation's right to transact business as if such right

had at all times remained in full force and effect.