LD 1767
pg. 39
Page 38 of 54 An Act To Amend the Laws Relating to Corporations, Limited Partnerships, Limite... Page 40 of 54
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LR 2593
Item 1

 
continues its existence but must be treated as a general
partnership without that limited liability partnership status.

 
4.__Validity of contracts; right to be sued; right to defend
suit.__The revocation of the status of a partnership as a
registered limited liability partnership under this section does
not impair:

 
A.__The existence of the partnership;

 
B.__The validity of any contract or act of the registered
limited liability partnership;

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

 
D.__The right of the registered limited liability
partnership to defend any action, suit or proceeding in any
court of this State; or

 
E.__The liabilities of the partners with regard to events,
acts or omissions occurring before the date of revocation.

 
5.__Authority of registered agent.__The revocation of the
status of a partnership as a registered limited liability
partnership does not terminate the authority of its registered
agent.

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

 
§808-C.__Reinstatement following revocation

 
1.__Application for reinstatement.__A partnership whose status
as a registered limited liability partnership has been revoked
under section 808-B may apply to the Secretary of State for
reinstatement within 6 years after the effective date of
revocation. The application must:

 
A.__State the name of the registered limited liability
partnership and the effective date of its revocation;

 
B.__State that the ground or grounds for revocation either
did not exist or have been eliminated; and


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