domestic limited partnership from doing business. The Secretary |
of State shall use the procedures set forth in section 498, |
subsection 2, relative to revoking the right of foreign limited |
partnerships to do business in this State, for suspending |
domestic limited partnerships 408-B to administratively dissolve |
a domestic limited partnership and the procedure set forth in |
section 498-B to revoke a foreign limited partnership's authority |
to transact business in this State. A foreign limited |
partnership whose authority to do business in this State has been |
revoked under this subsection that wishes to do business again in |
this State must be authorized as provided in section 492. A |
domestic limited partnership that has been suspended |
administratively dissolved 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 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 section 408-B must follow the requirements |
set forth in section 408-C to reinstate. |