4.__Final decision.__The court's final decision in an appeal under this section may be appealed as in other civil proceedings.

§1116.__Reinstatement of suspended corporate charter

1.__Reinstatement after charter suspension.__A corporation whose charter was suspended before July 1, 2004 may apply to the Secretary of State for reinstatement and the reinstatement may be granted, if:

A.__The Secretary of State determines that the application contains the information required under section 1114, subsection 1;

B.__The application for reinstatement is accompanied by the reinstatement fee set forth in section 1401, subsection 35; and

C.__The application for reinstatement is received by the Secretary of State by June 30, 2010.

2.__Effect on corporation failing to reinstate by June 30, 2010.__A corporation that fails to meet the requirements of subsection 1 is administratively dissolved and may not reinstate.

3.__Protecting corporate name after suspension.__The name of a corporation whose charter is suspended remains in the Secretary of State's record of corporate names and is protected for a period of 3 years following its suspension.

Sec. 4. 13-B MRSA §1210, as amended by PL 2003, c. 344, Pt. B, §20, is repealed.

Sec. 5. 13-B MRSA §§1210-A to 1210-C are enacted to read:

§1210-A.__Grounds for revocation

Notwithstanding Title 4, chapter 5 and Title 5, chapter 375, the Secretary of State may commence a proceeding under section 1210-B to revoke the authority of a foreign corporation authorized to carry on activities in this State if:

1.__Nonpayment of fees or penalties.__The foreign corporation does not pay when they are due any fees or penalties imposed by this Act or other law;