An electric membership corporation that has been dissolved by the expiration of its period of duration but which has continued in business in ignorance of such expiration may revive its corporate existence by amending its articles of incorporation at any time during a period of 15 years immediately following the expiration date fixed by the articles of incorporation so as to extend its period of duration. As of the effective date of the amendment, the corporate existence shall be deemed to have continued without interruption from the expiration date. If during the period between expiration and revival the name of the electric membership corporation has been assumed, reserved, or registered by any other electric membership corporation, the revived electric membership corporation shall not engage in business until it has amended its articles of incorporation to change its name.
History. Code 1933, § 34C-1221, enacted by Ga. L. 1981, p. 1587, § 1.
Structure Georgia Code
Title 46 - Public Utilities and Public Transportation
Chapter 3 - Electrical Service
Article 4 - Electric Membership Corporations and Foreign Electric Cooperatives
Part 12 - Dissolution of Electric Membership Corporations
§ 46-3-422. Effect of Filing of Statement of Intent to Dissolve
§ 46-3-423. Procedure After Filing Statement of Intent to Dissolve
§ 46-3-424. Revocation of Voluntary Dissolution Proceedings by Electric Membership Corporation
§ 46-3-426. Effect of Filing of Statement of Revocation of Voluntary Dissolution Proceedings
§ 46-3-427. Execution of Articles of Dissolution; Contents of Articles of Dissolution
§ 46-3-430. Venue and Service of Process in Action for Involuntary Dissolution
§ 46-3-432. Procedure in Liquidation of Electric Membership Corporation by Court
§ 46-3-433. Qualification of Receivers; Giving of Bond
§ 46-3-434. Filing of Claims in Liquidation Proceedings; Effect of Failure to File Claims
§ 46-3-435. Discontinuance of Liquidation Proceedings
§ 46-3-437. Filing of Decree of Involuntary Dissolution; Giving of Notice of Entry of Decree