Page:United States Statutes at Large Volume 68 Part 1.djvu/247

 68 S T A T. ]

PUBLIC LAW 389-JUNE 8, 1954

REVOCATION BY ACT OF CORPORATION OF VOLUNTARY DISSOLUTION PROCEEDINGS

SEC. 83. By the act of the corporation, a corporation may, at any time prior to the issuance of a certificate of dissolution by the Commissioners as hereinafter provided, revoke voluntary dissolution proceedings theretofore taken in the following manner: (a) The board of directors shall adopt a resolution recommending that the voluntary dissolution proceedings be revoked and directing that the question of such revocation be submitted to a vote at a meeting of shareholders. (b) Written or printed notice stating that the purpose, or one of the purposes, of such meeting is to consider the advisability of revoking the voluntary dissolution proceedings, shall be given to each shareholder of record entitled to vote within the time and in the manner provided in this Act for the giving of notice of meetings of shareholders. (c) At such meeting a vote of the shareholders entitled to vote shall be taken on a resolution revoking the voluntary dissolution proceedings, which shall require for its adoption the affirmative vote of the holders of at least two-thirds of the outstanding shares entitled to vote. (d) Upon the adoption of such resolution, a statement of revocation of voluntary dissolution proceedings shall be executed in duplicate by the corporation by its president or a vice president, and verified by him. and the corporate seal shall be thereto affixed, attested by its secretary or an assistant secretary, which shall set forth— (1) the name of the corporation; (2) the names and respective addresses, including street and number, if any, of its officers; (3) the names and respective addresses, including street and number, if any, of its directors; (4) a copy of the resolution of the shareholders revoking the voluntary dissolution proceedings; (5) the number of shares outstanding and entitled to vote; (6) the number of shares voted for and against the revocation of the voluntary dissolution proceedings, respectively. FILING OF STATEMENT OF REVOCATION OF VOLUNTARY DISSOLUTION PROCEEDINGS

SEC. 84. Duplicate originals of the statement of revocation of voluntary dissolution proceedings, whether by consent of shareholders or by act of the corporation, shall be delivered to the Commissioners. If the Commissioners find that such statement conforms to law, they shall, when all fees have been paid as in this Act prescribed— (a) Endorse on each of such duplicate originals the word "Filed", and the month, day, and year of the filing thereof. (h) File one of such duplicate originals in their office. (c) The other duplicate original shall be recorded in the office of the Recorder of Deeds. EFFECT o r STATEMENT OF REVOCATION OF VOLUNTARY DISSOLUTION PROCEEDINGS

SEC. 85. Upon the filing by the Commissioners of a statement of revocation of voluntary dissolution proceedings, whether by consent of shareholders or by act of the corporation, the revocation of the voluntary dissolution proceedings shall become effective and the corporation may thereupon again carry on its business.

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