PUBLIC Law Chapter 631

report fee, the late filing penalty described in section 123,

subsection 1, paragraph EE, as long as the report is received by

the Secretary of State prior to administrative dissolution or

revocation. Upon a corporation'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 corporation's authority to

do business in this State and administratively dissolve a

domestic corporation. The Secretary of State shall use the

procedures set forth in section 1421 to administratively dissolve

a corporation and the procedures set forth in section 1532 to

revoke a foreign corporation's authority to do business in this

State. A domestic corporation that has been 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 described in section~~

~~123, subsection 1, paragraph V~~ section 1421 must follow the

procedures set forth in section 1422 to reinstate.

Sec. 35. 31 MRSA з408, as amended by PL 1999, c. 638, зз10-12, is
repealed.

Sec. 36. 31 MRSA зз408-A to 408-E are enacted to read:

з408-A.__Grounds for administrative dissolution of domestic

limited partnership

Notwithstanding Title 4, chapter 5 and Title 5, chapter 375,
the Secretary of State may commence a proceeding under section
408-B to administratively dissolve a domestic limited partnership
if:

1.__Nonpayment of fees or penalties.__The domestic limited
partnership does not pay when they are due any fees or penalties
imposed by this Act or other law;

2.__Failure to file annual report.__The domestic limited
partnership does not deliver its annual report to the Secretary
of State as required by section 529;

3.__Failure to pay late filing penalty.__The domestic limited
partnership does not pay the annual report late filing penalty as
required by section 530;

4.__Failure to maintain registered agent or registered office.__
The domestic limited partnership fails to appoint or maintain a
registered agent or registered office in this State as required
by section 407;

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