LD 1767
pg. 36
Page 35 of 54 An Act To Amend the Laws Relating to Corporations, Limited Partnerships, Limite... Page 37 of 54
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LR 2593
Item 1

 
1.__Amended annual report.__If the information contained in an
annual report filed under section 757 has changed, a limited
liability company may, if it determines it to be necessary,
deliver to the Secretary of State for filing an amended annual
report to change the information on file.__The amended annual
report must be executed as provided by section 757, subsection 3.

 
2.__Contents.__The amended annual report under subsection 1
must set forth:

 
A.__The name of the domestic or foreign limited liability
company and the jurisdiction of its organization;

 
B.__The date on which the original annual report was filed;
and

 
C.__The information that has changed and the date on which
it changed.

 
3.__Period for filing.__An amended annual report under
subsection 1 may be filed by the limited liability company after
the date of the original filing and until December 31st of that
filing year.

 
Sec. 63. 31 MRSA §758, as amended by PL 1999, c. 547, Pt. B, §54
and affected by §80, is further amended to read:

 
§758. Failure to file annual report; incorrect report; penalties

 
1. Failure to file annual report; penalty. A domestic or
foreign limited liability company that is required to deliver an
annual report for filing as provided by section 757 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, if the late filing penalty described in section
751, subsection 26, as long as the report is received by the
Secretary of State prior to revocation or suspension of the
limited liability company administrative dissolution. Upon a
limited liability company'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 5 and Title 5, chapter
375, shall revoke a foreign limited liability company's authority
to do business in this State and suspend administratively
dissolve a domestic limited liability company from doing
business. The Secretary of State shall use the procedures set
forth in section 719, subsection 2, relative to revoking the
right of foreign limited liability companies to do business in
this State, for suspending domestic limited liability companies
608-B to administratively dissolve a domestic limited liability
company and the procedures set forth in section 719-B to revoke a


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