Sec. 79. 31 MRSA §873-A is enacted to read:

§873-A.__Amended annual report of registered or foreign limited

liability partnership

1.__Amended annual report.__If the information contained in an annual report filed under section 873 has changed, a limited liability partnership 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 873, subsection 3, paragraph A.

2.__Contents.__The amended annual report must set forth:

A.__The name of the registered or foreign limited liability partnership 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 may be filed by the limited liability partnership after the date of the original filing and until December 31st of that filing year.

Sec. 80. 31 MRSA §874, as amended by PL 1999, c. 547, Pt. B, §56 and affected by §80, is further amended to read:

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

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