(a) The director may cancel the certificate of authority of a limited partnership administratively if:

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Terms Used In Hawaii Revised Statutes 425E-906

  • Affidavit: A written statement of facts confirmed by the oath of the party making it, before a notary or officer having authority to administer oaths.
  • Director: means the director of the department of commerce and consumer affairs. See Hawaii Revised Statutes 425E-102
  • Partnership: A voluntary contract between two or more persons to pool some or all of their assets into a business, with the agreement that there will be a proportional sharing of profits and losses.
  • Record: means information that is inscribed on a tangible medium or that is stored in an electronic or other medium and is retrievable in perceivable form. See Hawaii Revised Statutes 425E-102
  • Service of process: The service of writs or summonses to the appropriate party.
(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 § 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.

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