SB 308 Allows not-for-profit corporations to apply for reinstatement after forfeiture for failing to file an annual report
Sponsor: Purgason
LR Number: 1493L.02C Fiscal Note: 1493-02
Committee: Financial & Governmental Organizations and Elections
Last Action: 5/13/2005 - H Consent Calendar Journal Page:
Title: HCS SB 308 Calendar Position:
Effective Date: August 28, 2005
House Handler: Pollock

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Current Bill Summary

HCS/SB 308 - The act allows a not-for-profit corporation to apply for reinstatement if it had been forfeited after 1978 for failure to file an annual report. If corporation is administratively dissolved for failure to file an annual registration report and the Secretary of State determines that the failure was due to military service, the act authorizes the Secretary of State to waive the reinstatement fees and other associated penalties, cancel the certificate of dissolution, prepare a certificate of reinstatement, and provide a copy to the corporation.