490A.1308 - REVOCATION OF DISSOLUTION. - Iowa Statutes

490A.1308 REVOCATION OF DISSOLUTION. 1. A limited liability company may revoke its dissolution within one hundred twenty days of the effective date of its articles of dissolution. 2. Revocation of dissolution must be authorized in the same manner as the dissolution was authorized unless that authorization permitted revocation by action of the managers of the limited liability company alone, in which event the managers may revoke the dissolution without member action. 3. After the revocation of dissolution is authorized, the limited liability company may revoke the dissolution by delivering to the secretary of state for filing articles of revocation of dissolution, together with a copy of its articles of dissolution, that set forth all of the following: a. The name of the limited liability company. b. The effective date of the dissolution that was revoked. c. The date that the revocation of dissolution was authorized. d. If members of the limited liability company unanimously revoked the dissolution, a statement to that effect. e. If the managers of the limited liability company revoked a dissolution authorized by its members, a statement that revocation was permitted by action by the managers alone pursuant to that authorization. 4. Revocation of dissolution is effective upon the effective date of the articles of revocation of dissolution. 5. When the revocation of dissolution is effective, it relates back to and takes effect as of the effective date of the dissolution as if the dissolution had never occurred.          Section History: Recent Form 2006 Acts, ch 1089, §28