2.__Administrative dissolution.__The domestic limited partnership will be administratively dissolved if within 60 days after the notice under subsection 1 was issued the Secretary of State determines that the limited partnership has failed to correct the ground or grounds for the dissolution.__The Secretary of State shall send notice to the limited partnership at its last registered office address that recites the ground or grounds for dissolution and the effective date of dissolution.

3.__Effect of administrative dissolution; prohibition.__A domestic limited partnership administratively dissolved continues its existence but may not transact any business in this State except as necessary to wind up the affairs of the limited partnership.

4.__Liability of limited partners.__A limited partner of a domestic limited partnership is not liable as a general partner of the limited partnership solely by reason of the limited partnership having been administratively dissolved under this section.

5.__Validity of contracts; right to be sued; right to defend suit.__The administrative dissolution of a domestic limited partnership under this section does not impair:

A.__The validity of any contract or act of the domestic limited partnership;

B.__The right of any other party to the contract to maintain any action, suit or proceeding on the contract; or

C.__The right of the domestic limited partnership to defend any action, suit or proceeding in any court of this State.

6.__Authority of registered agent.__The administrative dissolution of a domestic limited partnership does not terminate the authority of its registered agent.

7.__Protecting domestic limited partnership name after administrative dissolution.__The name of a domestic limited partnership remains in the Secretary of State's record of limited partnership names and is protected for a period of 3 years following administrative dissolution.