§529-A.__Amended annual report of domestic or foreign limited

partnership

1.__Amended annual report.__If the information contained in an annual report filed under section 529 has changed, a domestic or foreign limited 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 529, subsection 3.

2.__Contents.__The amended annual report under subsection 1 must set forth:

A.__The name of the domestic or foreign limited 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 under subsection 1 may be filed by the domestic or foreign limited partnership after the date of the original filing and until December 31st of that filing year.

Sec. 50. 31 MRSA §530, as amended by PL 1999, c. 547, Pt. B, §52 and affected by §80, is further amended to read:

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

1. Failure to file annual report; penalty. A domestic or foreign limited partnership that is required to deliver an annual report for filing as provided by section 529 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, providing the late filing penalty described in section 526, subsection 21, as long as the report is received by the Secretary of State prior to revocation or suspension of the limited partnership administrative dissolution. Upon a limited 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 a foreign limited partnership's authority to do business in this State and suspend administratively dissolve a