T-K Distributors, Inc. v. Soldevere

OPINION

FROEB, Judge.

The principal issue on appeal is whether reinstatement of corporate status under A.R.S. § 10-095(E) is retroactive to the date of revocation of the corporate charter for purposes of individual liability of officers, directors and stockholders.

Scottsdale Dodge, Inc., was an Arizona corporation from October 13, 1971, to July 10, 1979, when its articles of incorporation were revoked due to its failure to file a report and pay a filing fee. Appellants Joseph A. Soldevere and Arlene Soldevere, the principal stockholders, were unaware of the revocation until after it had taken…