16-20-704. Rescinding dissolution.
(1) A limited liability company may rescind the limited liability company's dissolution, unless a statement of termination applicable to the limited liability company is effective, a court has entered an order under Subsectionordissolving the limited liability company, or the division has dissolved the limited liability company under Section. 16-20-701(4) (5) 16-1a-603
(2) Rescinding dissolution under this section requires: the consent of each member; if a statement of dissolution applicable to the limited liability company has been filed by the division but has not become effective, the delivery to the division for filing of a statement of withdrawal under Sectionapplicable to the statement of dissolution; and 16-1a-205 if a statement of dissolution applicable to the limited liability company is effective, the delivery to the division for filing of a statement of correction under Sectionstating that dissolution has been rescinded under this section. 16-1a-206
(3) If a limited liability company rescinds the limited liability company's dissolution: the limited liability company resumes carrying on the limited liability company's activities and affairs as if dissolution had never occurred; subject to Subsection, any liability incurred by the limited liability company after the dissolution and before the rescission is effective is determined as if dissolution had never occurred; and (3)(c) the rights of a third party arising out of conduct in reliance on the dissolution before the third party knew or had notice of the rescission may not be adversely affected.