LD 1767
pg. 51
Page 50 of 54 An Act To Amend the Laws Relating to Corporations, Limited Partnerships, Limite... Page 52 of 54
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LR 2593
Item 1

 
1. Decreases the fee for changing the address of the principal
office of a foreign business corporation from $70 to $35;

 
2. Sets a fee of $100 for the preclearance of any document.
The service and fee were specified under the old business
corporation act, Title 13-A, but were inadvertently omitted from
the new Title 13-C;

 
3. Clarifies the language requiring that a certificate of
existence or certificate of authority set forth the name of the
corporation;

 
4. Clarifies the time frames and language for administrative
dissolution of domestic corporations;

 
5. Clarifies the time frames and language for revocation of
authority of foreign corporations; and

 
6. Clarifies the process by which an administratively
dissolved corporation may reinstate after failure to file an
annual report.

 
The bill makes conforming amendments to the limited
partnership laws in Title 31, chapter 11. It:

 
1. Repeals language relating to the suspension of a domestic
limited partnership and enacts language for the administrative
dissolution and reinstatement process for a domestic limited
partnership;

 
2. Adds language to establish a process for domestic limited
partnerships that were suspended prior to July 1, 2004 to
reinstate up to June 30, 2010;

 
3. Repeals language relating to the adoption of rules for the
former name availability standard of "deceptively similar";

 
4. Makes necessary changes to the process of issuing a
certificate of existence, certificate of authority or certificate
of fact;

 
5. Repeals language relating to the revocation of authority
for a foreign limited partnership and enacts a new revocation of
authority process for a foreign limited partnership;

 
6. Increases the fee for filing an application to renew the
registration of a foreign limited partnership name from $155 to
$200;


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