§425E-906  Cancellation of certificate
of authority.  (a)  [Subsection effective until June 30, 2010. 
For subsection effective July 1, 2010, see below.]  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; or



(D)  File a statement of a change in the name
or business address of the agent as required; 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.



(a)  [Subsection effective July 1, 2010.  For subsection
effective until June 30, 2010, see above.]  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]