| 1. Failure to file annual report; penalty. A registered or |
foreign limited liability partnership that is 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 late filing penalty |
described in section 871, subsection 22, as long as the report is |
received by the Secretary of State prior to revocation of its |
status as a limited liability partnership. Upon a limited |
liability 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 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 808-B to revoke the |
status of a registered limited liability partnership and the |
procedures set forth in section 859-B to revoking revoke the |
status of a partnership as a foreign limited liability |
partnership for revoking the status of a partnership as a |
registered limited liability partnership in this State. A |
foreign limited liability partnership whose limited liability |
partnership status has been revoked under this subsection section |
859-B that wishes to do |
business again as a limited liability |