LD 1767
pg. 17
Page 16 of 54 An Act To Amend the Laws Relating to Corporations, Limited Partnerships, Limite... Page 18 of 54
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LR 2593
Item 1

 
§408-C.__Reinstatement following administrative dissolution of

 
domestic limited partnership

 
1.__Application for reinstatement.__A domestic limited
partnership administratively dissolved under section 408-B may
apply to the Secretary of State for reinstatement within 6 years
after the effective date of dissolution. The application must:

 
A.__State the name of the domestic limited partnership and
the effective date of its administrative dissolution;

 
B.__State that the ground or grounds for dissolution either
did not exist or have been eliminated; and

 
C.__State that the domestic limited partnership's name
satisfies the requirements of section 403-A.

 
2.__Reinstatement after administrative dissolution.__If the
Secretary of State determines that the application contains the
information required under subsection 1 and is accompanied by the
reinstatement fee set forth in section 526, subsection 6-A, and
that the information is correct, the Secretary of State shall
cancel the administrative dissolution and prepare a notice of
reinstatement that recites that determination and the effective
date of reinstatement. The Secretary of State shall send notice
to the domestic limited partnership at its last registered office
address.

 
3.__Effect of reinstatement.__When the reinstatement is
effective under subsection 2, it relates back to and takes effect
as of the effective date of the administrative dissolution, and
the domestic limited partnership resumes business as if the
administrative dissolution had not occurred.

 
§408-D.__Appeal from denial of reinstatement of domestic limited

 
partnership

 
1.__Denial of reinstatement.__If the Secretary of State denies
a domestic limited partnership's application for reinstatement
following administrative dissolution, the Secretary of State
shall mail a written notice that explains the reason or reasons
for denial to the limited partnership at its last registered
office address.

 
2.__Appeal.__A domestic limited partnership may appeal a
denial of reinstatement under subsection 1 to the Superior Court
of the county where the limited partnership's principal office is
located or, if there is no principal office in this State, in
Kennebec
County within 30 days after the date of the notice of


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