(4) The foreign limited liability partnership fails to file with the Secretary of State an amended application for authority required by section 855; or

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

Sec. 57. 31 MRSA §874, sub-§1, as enacted by PL 1995, c. 633, Pt. B, §1, is amended to read:

1. Failure to file annual report; revocation of status. A limited liability partnership required to deliver an annual report for filing, as provided by section 873, that fails to deliver its properly completed annual report to the Secretary of State shall pay, in addition to the regular annual report fee, the sum of $25, provided that the report is received by the Secretary of State prior to revocation of its status as a limited liability partnership. Upon a partnership's failure to file the annual report and to pay the annual report fee or the penalty, the Secretary of State, notwithstanding Title 4, chapter 25 5 and Title 5, chapter 375, shall revoke the status of that partnership as a foreign limited liability partnership or a registered limited liability partnership. The Secretary of State shall use the procedures set forth in section 859, subsection 1 relative to revoking the status of a partnership as a foreign limited liability partnership for revoking the status of a partnership as a registered limited liability partnership. A foreign limited liability partnership whose limited liability partnership status has been revoked under this subsection that wishes to do business again as a limited liability partnership in this State must follow the procedures set forth in section 808, subsection 3 relative to reinstatement of registered limited liability partnerships. A partnership whose status as a registered limited liability partnership has been revoked under this subsection may be reinstated by filing the current annual report together with the current annual filing fee and by paying the reinstatement fee of $125 for each year the limited liability partnership failed to file an annual report. The maximum reinstatement fee may not exceed $500, regardless of the number of delinquent reports or the period of delinquency.

Sec. 58. 32 MRSA §64-A, sub-§1, ¶D, as enacted by PL 1983, c. 378, §2, is amended to read: