488.810 - REINSTATEMENT FOLLOWING ADMINISTRATIVE DISSOLUTION. - Iowa Statutes

488.810 REINSTATEMENT FOLLOWING ADMINISTRATIVE DISSOLUTION. 1. A limited partnership that has been administratively dissolved may apply to the secretary of state for reinstatement at any time after the effective date of dissolution. The application must be delivered to the secretary of state for filing and state all of the following: a. The name of the limited partnership and the effective date of its administrative dissolution. b. That the grounds for dissolution either did not exist or have been eliminated. c. If the application is received more than five years after the effective date of the dissolution, that the limited partnership's name satisfies the requirements of section 488.108. 2. If the secretary of state determines that an application contains the information required by subsection 1 and that the information is correct, the secretary of state shall prepare a declaration of reinstatement that states this determination, sign, and file the declaration of reinstatement, and deliver a copy to the limited partnership. 3. When reinstatement becomes effective, it relates back to and takes effect as of the effective date of the administrative dissolution and the limited partnership may resume its activities as if the administrative dissolution had never occurred. 4. A limited partnership shall not relinquish the right to retain its name if the reinstatement is effective within five years of the effective date of the limited partnership's dissolution.          Section History: Recent Form 2004 Acts, ch 1021, §73, 118; 2006 Acts, ch 1089, §2--5 Referred to in § 488.108, 490.401, 490A.401, 504.401, 504.403