20.__Certificate of conversion.__Certificate of conversion of a limited partnership to another type of business entity as provided by section 418, a fee in the amount $125.

Sec. 18. 31 MRSA §603, sub-§1, ¶A, as corrected by RR 1995, c. 2, §75, is amended to read:

A. Must contain the words "Limited Liability Company," or the abbreviation "L.L.C.," or the designation "LLC," unless filing an assumed name under section 605 or a registration of name under section 606. If the words "Limited Liability Company" or "Limited Liability Company, Chartered" or "Limited Liability Company, Professional Association" or "Limited Liability Company, P.A." or any of the designations used in the paragraph without commas are used, a limited liability company may also use the abbreviation "L.L.C." or the designation "LLC" without filing an assumed name under section 605; and

Sec. 19. 31 MRSA §608, sub-§1, ¶A, as enacted by PL 1993, c. 718, Pt. A, §1, is amended to read:

A. Shall suspend a domestic limited liability company when:

(1) The limited liability company fails to deliver its annual report for filing within the time specified by this chapter or fails to pay fees or penalties as prescribed by this chapter when they become due and payable;

(2) The limited liability company fails to appoint or name a registered agent in this State;

(3) The limited liability company, after change of its registered office or registered agent, fails to file with the Secretary of State a notification of such a change; or

(4) A misrepresentation is made of a material fact in an application, report, affidavit or other document required by this chapter; or.

Sec. 20. 31 MRSA §608, sub-§1, ¶B, as enacted by PL 1993, c. 718, Pt. A, §1, is repealed.