§425E-906 Cancellation of certificate of authority.
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§425E-906 Cancellation of certificate of authority.
(a)The director may cancel the certificate of authority of a limited partnership administratively if:
(1)The partnership fails to:
(A)Pay any fees prescribed by law;
(B)File its annual statement for a period of two years;
(C)Appoint and maintain an agent for service of process as required by chapter 425R; or
(D)File a statement of a change in the name or business address of the agent as required by section 425R-7; or
(2)A misrepresentation has been made of any material matter in any application, report, affidavit, or other record or document submitted by the partnership.
(b)Cancellation of a certificate of authority shall not relieve the general partners of liability for the penalties for failure to file any statement or certificate required by this chapter. [L 2003, c 210, pt of §1; am L 2009, c 55, §50]