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Nebraska – Legislative Bill 279 Modifies Reinstatement Process

Legislative Bill 279 signed by the governor and effective March 18 allows an entity that has been administratively dissolved by the Secretary of State’s office to reinstate after five years with an application including (1) the entity name and the effective date of its dissolution; (2) that the grounds for dissolution did not exist or have been eliminated; (3) that the company’s name satisfies the naming requirements of the Secretary of State’s Office, (4) that a legitimate reason exists for reinstatement and what such reason is; and (5) that such reinstatement does not constitute fraud on the public.