(a) A corporation may be relieved from a forfeiture under Section 22.360 by filing the required report, accompanied by the revival fee, not later than the 120th day after the date of mailing of the notice of forfeiture under Section 22.361.
(b) If a corporation complies with Subsection (a), the secretary of state shall:
(1) revive the right of the corporation to conduct affairs in this state;
(2) cancel the words regarding the forfeiture on the record of the corporation; and
(3) endorse on that record the word "revived" and the date of revival.