Summary of the Introduced Bill

HB 2200 -- 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 businesses 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 the
reinstatement fee by the business.  The reinstatement of the
certificate is effective as of the date of the administrative
cancellation.

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Missouri House of Representatives
94th General Assembly, 2nd Regular Session
Last Updated October 15, 2008 at 3:12 pm