Nevada § 89.256 - Defaulting associations: Conditions and procedure for reinstatement

§ 89.256. Defaulting associations: Conditions and procedure for reinstatement

1. Except as otherwise provided in subsections 3 and 4 and NRS 89.251 , the Secretary of State shall reinstate any professional association 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 privileges and immunities

if it: (a) Files with the Secretary of State: (1) The list and certification required by NRS 89.250 ; (2) The information required pursuant to NRS 77.310 ; and (3) 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 duly selected chief executive officer of the professional association;

and (b) Except as otherwise provided in NRS 231.14057 , pays to the Secretary of State: (1) The filing fee and penalty set forth in NRS 89.250 and 89.252 for each year or portion thereof during which the articles of association have been

revoked; and (2) A fee of $300 for reinstatement. 2. When the Secretary of State reinstates the professional association, the Secretary

of State shall issue to the professional association a certificate of reinstatement

if the professional association: (a) Requests a certificate of reinstatement; and (b) Pays the required fees pursuant to subsection 7 of NRS 78.785 . 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 the articles of association occurred

only by reason of the failure to pay the fees and penalties. 4. If the articles of association of a professional association have been revoked

pursuant to the provisions of this chapter and have remained revoked for 10 consecutive

years, the articles must not be reinstated. 5. A reinstatement pursuant to this section relates back to the date on which the

professional association forfeited its right to transact business under the provisions

of this chapter and reinstates the professional association's right to transact business

as if such right had at all times remained in full force and effect.