Section 46-3-468. Application for reinstatement of certificate of authority

   (a) A foreign electric cooperative whose certificate of authority has been revoked by the Secretary of State under the conditions prescribed by Code Section 46-3-466 shall be reinstated by the Secretary of State by the issuance of a certificate of reinstatement. The certificate of reinstatement may be issued at any time within five years from the date of the certificate of revocation upon approval of an application for reinstatement executed by the foreign electric cooperative as provided in Code Section 46-3-173 and filed with the Secretary of State as provided in Code Section 46-3-174. The Secretary of State shall issue the certificate of reinstatement whenever it is established to the satisfaction of the Secretary of State that in fact there was no cause for revocation or whenever the omission or delinquency resulting in revocation has been corrected and payment made of all fees, taxes, and penalties which accrued before revocation.

(b) The application for reinstatement shall be accompanied by an amount equal to the total of all fees, taxes, and penalties which would have been payable for the years or parts thereof during the period between revocation and reinstatement and a reinstatement filing fee of $25.00. Reinstatement shall not be authorized if the name of the foreign electric cooperative is not available in accordance with Code Section 46-3-452 unless the application for reinstatement includes an adoption of a corporate name that is available. In the event an application for reinstatement adopts a new corporate name for the foreign electric cooperative as provided in Code Section 46-3-453, the original certificate of authority shall be deemed to have been amended to change the name of the foreign electric cooperative to the name so adopted. In the event that a foreign electric cooperative amends its articles of incorporation or is a party to a merger during the period between revocation and reinstatement, it shall accompany its application for reinstatement with a duly executed copy of such amendment, or of the articles or agreement of merger, pursuant to Code Sections 46-3-460 and 46-3-461. Upon the issuance of the certificate of reinstatement, the foreign electric cooperative's authorization to transact business in this state, pursuant to its original application to transact business, shall be deemed to have continued from the date of the certificate of revocation.

(c) The application for reinstatement shall be in substantially the following form:
 
 
                       Application for Reinstatement of                        
                           Certificate of Authority                            

   To: The Secretary of State
             Atlanta, Georgia
      Pursuant to the provisions of Code Section 46-3-468, the undersigned 
   foreign electric cooperative hereby applies for a certificate of 
   reinstatement of a foreign electric cooperative and, for that purpose, 
   submits the following:
         First: The name of the foreign electric cooperative at the date of 
      the certificate of revocation was         .
         Second: The new name by which the foreign electric cooperative will 
      hereafter be known is         .
         Third: The certificate of authority to transact business in the State 
      of Georgia was revoked on          for failure to follow the 
      requirements stated in Code Section 46-3-466.
         Fourth: The address, including street and number, of its registered 
      office in Georgia is         ; and the name of its registered agent in 
      Georgia at that address is         .
         Fifth: The application is accompanied by all delinquent reports 
      together with the filing fees and penalties required by Article 4 of 
      Chapter 3 of Title 46, the "Georgia Electric Membership Corporation Act."
 
     Date             ,     .
 
 
 
 
                                                                               
                                                  (President or vice-president)
 
 
 
 
                                                                               
                                             (Secretary or assistant secretary)

Code 1933, § 34C-1718, enacted by Ga. L. 1981, p. 1587, § 1; Ga. L. 1999, p. 81, § 46.