July 13, 2021
Corporate Compliance
Certificate of Revocation Withdrawal
Effective July 13, HB 5051 increases the time that the secretary of state can withdraw a certificate of revocation for a corporation, nonprofit corporation, or LLC from ten to twenty years without the corporation or LLC being required to seek reinstatement.
"SECTION 1. Sections 7-1.2-1312 and 7-1.2-1416 of the General Laws in Chapter 7-1.2 2 entitled "Rhode Island Business Corporation Act" are hereby amended to read as follows: 3 7-1.2-1312. Withdrawal of certificate of revocation. 4 (a) Within ten (10) twenty (20) years after issuing a certificate of revocation as provided in 5 § 7-1.2-1311, the secretary of state may withdraw the certificate of revocation and retroactively 6 reinstate the corporation in good standing as if its articles of incorporation had not been revoked, 7 except as subsequently provided:.."