§425E-906  Cancellation of certificateof authority.  (a)  [Subsection effective until June 30, 2010. For subsection effective July 1, 2010, see below.]  The director may cancelthe 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 oftwo years;

(C)  Appoint and maintain an agent for serviceof process as required; or

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

(2)  A misrepresentation has been made of any materialmatter in any application, report, affidavit, or other record or documentsubmitted by the partnership.

(a)  [Subsection effective July 1, 2010.  For subsectioneffective until June 30, 2010, see above.]  The director may cancel thecertificate 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 oftwo years;

(C)  Appoint and maintain an agent for serviceof process as required by chapter 425R; or

(D)  File a statement of a change in the nameor business address of the agent as required by section 425R-7; or

(2)  A misrepresentation has been made of any materialmatter in any application, report, affidavit, or other record or documentsubmitted by the partnership.

(b)  Cancellation of a certificate of authorityshall not relieve the general partners of liability for the penalties forfailure to file any statement or certificate required by this chapter. [L 2003,c 210, pt of §1; am L 2009, c 55, §50]