2.__Revocation.__The partnership's status as a registered limited liability partnership is revoked if within 60 days after the notice under subsection 1 was issued the Secretary of State determines that the registered limited liability partnership has failed to correct the ground or grounds for revocation.__The Secretary of State shall send notice to the partnership at the registered limited liability partnership's last registered office address that recites the ground or grounds for revocation of the partnership's status as a registered limited liability partnership and the effective date of revocation.

3.__Effect of revocation of status as registered limited liability partnership.__A partnership whose status as a registered limited liability partnership has been revoked continues its existence but must be treated as a general partnership without that limited liability partnership status.

4.__Validity of contracts; right to be sued; right to defend suit.__The revocation of the status of a partnership as a registered limited liability partnership under this section does not impair:

A.__The existence of the partnership;

B.__The validity of any contract or act of the registered limited liability partnership;

C.__The right of any other party to the contract to maintain any action, suit or proceeding on the contract;

D.__The right of the registered limited liability partnership to defend any action, suit or proceeding in any court of this State; or

E.__The liabilities of the partners with regard to events, acts or omissions occurring before the date of revocation.

5.__Authority of registered agent.__The revocation of the status of a partnership as a registered limited liability partnership does not terminate the authority of its registered agent.