The Secretary of State shall reinstate to active status on its records, a business entity for which a court finds any of the following:
(a) The factual representations by a shareholder, member, partner, or other person that are required for the termination document are materially false.
(b) The submission of the termination document to the Secretary of State for filing is fraudulent.
(c) Other grounds exist warranting reinstatement of the business entity.