Reinstatement: Glossary Definition
Definition of Reinstatement:
In certain instances, such as if a corporation or LLC fails to make the required annual filings with the Secretary of State of the state of incorporation or formation, a corporate charter may be administratively or statutorily dissolved or otherwise have its authority to continue to be recognized as a legal entity revoked. An administratively or statutorily dissolved entity, in some cases, may revive the entity by making the necessary filings and paying amounts owed to the Secretary of State.
