HB 461 -- Uniform Limited Partnership Law

Sponsor:  Zimmerman

This bill authorizes the Secretary of State, or his or her
designee, to administratively cancel a certificate of limited
partnership by signing a certificate of administrative
cancellation when the limited partnership's period of duration
expires without being amended.  To cancel the certificate, the
Secretary of State must notify the limited partnership not less
than 30 days before the cancellation takes effect.  Any limited
partnership whose certificate has been cancelled will be
authorized to continue its existence only to the extent necessary
to wind up and liquidate its business and affairs.  The Secretary
of State is authorized to rescind an administrative cancellation
and reinstate the certificate of limited partnership upon
application for reinstatement and payment of a reinstatement fee
and any delinquent fees, penalties, and other charges due by the
business.  The reinstatement of the certificate is effective as
of the date of the administrative cancellation.

Missouri House of Representatives
95th General Assembly, 1st Regular Session
Last Updated November 17, 2009 at 9:24 am