LD 1767
pg. 48
Page 47 of 54 An Act To Amend the Laws Relating to Corporations, Limited Partnerships, Limite... Page 49 of 54
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LR 2593
Item 1

 
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. 78. 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
liability partnership or a registered limited liability
partnership. The Secretary of State shall use the procedures set
forth in section 859, subsection 1 relative 808-B to revoke the
status of a registered limited liability partnership and the
procedures set forth in section 859-B to revoking revoke the
status of a partnership as a foreign limited liability
partnership for revoking the status of a partnership as a
registered limited liability partnership in this State. A
foreign limited liability partnership whose limited liability
partnership status has been revoked under this subsection section
859-B that wishes to do
business again as a limited liability


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