LD 1767
pg. 30
Page 29 of 55 PUBLIC Law Chapter 631 Page 31 of 55
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LR 2593
Item 1

 
Sec. 49. 31 MRSA §529-A is enacted to read:

 
§529-A.__Amended annual report of domestic or foreign limited

 
partnership

 
1.__Amended annual report.__If the information contained in an
annual report filed under section 529 has changed, a domestic or
foreign limited 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
529, subsection 3.

 
2.__Contents.__The amended annual report under subsection 1
must set forth:

 
A.__The name of the domestic or foreign limited 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 under
subsection 1 may be filed by the domestic or foreign limited
partnership after the date of the original filing and until
December 31st of that filing year.

 
Sec. 50. 31 MRSA §530, as amended by PL 1999, c. 547, Pt. B, §52
and affected by §80, is further amended to read:

 
§530. Failure to file annual report; incorrect report; penalties

 
1. Failure to file annual report; penalty. A domestic or
foreign limited partnership that is required to deliver an annual
report for filing as provided by section 529 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, providing the late filing penalty described in
section 526, subsection 21, as long as the report is received by
the Secretary of State prior to revocation or suspension of the
limited partnership administrative dissolution. Upon a limited
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 a foreign limited partnership's authority to do
business
in this State and suspend administratively dissolve a


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