LD 1767
pg. 25
Page 24 of 55 PUBLIC Law Chapter 631 Page 26 of 55
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LR 2593
Item 1

 
(1)__Payment is reflected in the records of the
Secretary of State; and

 
(2)__Nonpayment affects the existence or authorization
of the domestic or foreign limited partnership;

 
E.__That the limited partnership's most recent annual report
required by section 529 has been delivered to the Secretary
of State; and

 
F.__Any facts of record in the office of the Secretary of
State that may be requested by the applicant under
subsection 1.

 
3.__Evidence of existence or authority.__Subject to any
qualification stated in the certificate, a certificate of
existence or certificate of authority issued by the Secretary of
State may be relied upon as conclusive evidence that the domestic
or foreign limited partnership is in existence or is authorized
to transact business in this State.

 
4.__Certificate of fact.__In addition to the certificate
authorized under subsection 2, the Secretary of State may issue a
certificate attesting to any fact of record in the office of the
Secretary of State that may be requested by the applicant under
subsection 1.

 
Sec. 39. 31 MRSA §498, sub-§2, as amended by PL 2003, c. 344, Pt. C,
§§11 and 12 and affected by §80, is repealed.

 
Sec. 40. 31 MRSA §§498-A to 498-C are enacted to read:

 
§498-A.__Grounds for revocation

 
Notwithstanding Title 4, chapter 5 and Title 5, chapter 375,
the Secretary of State may commence a proceeding under section
498-B to revoke the authority of a foreign limited partnership
authorized to transact business in this State if:

 
1.__Nonpayment of fees or penalties.__The foreign limited
partnership does not pay when they are due any fees or penalties
imposed by this Act or other law;

 
2.__Failure to file annual report.__The foreign limited
partnership does not deliver its annual report to the Secretary
of State as required by section 529;

 
3.__Failure to pay late filing penalty.__The foreign limited
partnership does not pay the annual report late filing penalty as
required by section 530;


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