§ 4613. Deed of Trust Defined
TITLE 4: ECONOMIC RESOURCES DIVISION 4: CORPORATIONS, PARTNERSHIPS AND ASSOCIATIONS § 4613. Reinstatement Following Administrative Dissolution. (a) A corporation administratively dissolved under 4 CMC § 4612 may apply to the Registrar of Corporations for reinstatement within two years after the effective date of dissolution. The application must: (1) Recite the name of the corporation and the effective date of its adminis- trative dissolution; (2) State that the grounds for dissolution either did not exist or have been eliminated; (3) State that the corporation’s name satisfies the requirements of 4 CMC § 4321; and (4) Contain a certificate from the Department of Finance reciting that all taxes owed by the corporation have been paid. (b) If the Registrar of Corporations determines that the application contains the information required by subsection (a) of this section and that the information is correct, he shall cancel the certificate of dissolution and prepare a certificate of reinstatement that recites his determination and the effective date of reinstate- ment, file the original of the certificate, and serve a copy on the corporation under 4 CMC § 4612(a). (c) When the reinstatement is effective, it relates back to and takes effect as of the effective date of the administrative dissolution and the corporation resumes carrying on its business as if the administrative dissolution had never occurred. Source: PL 10-7, § 1 (Bus. Corp. Reg. § 14.22, as amended May 15, 1994). Commission Comment: With respect to the reference to the “Department of Finance,” see Executive Order 94-3 (effective August 23, 1994), reorganiz- ing the executive branch, changing agency names and official titles, and effect- ing other changes, set forth in the Commission comment to 1 CMC § 2001.
Source: CNMI Law Revision Commission