Maine Revised Statutes Title 31 Sec. 1401-A – Revival of domestic limited partnership after dissolution
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1. Determination of need to revive partnership. If the Secretary of State finds that a domestic limited partnership has dissolved in any manner under this subchapter and that the domestic limited partnership should be revived for any specified purpose or purposes for a specific period of time, the Secretary of State may upon application by an interested party file a certificate of revival in a form or format prescribed by the Secretary of State for reviving the domestic limited partnership.
[PL 2007, c. 231, §37 (NEW); PL 2007, c. 231, §40 (AFF).]
Terms Used In Maine Revised Statutes Title 31 Sec. 1401-A
- 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.
- State: means a state of the United States, the District of Columbia, Puerto Rico, the United States Virgin Islands or any territory or insular possession subject to the jurisdiction of the United States. See Maine Revised Statutes Title 31 Sec. 1302
2. Certificate of revival. The certificate of revival must include:
A. The name of the domestic limited partnership and its original date of organization; [PL 2007, c. 231, §37 (NEW); PL 2007, c. 231, §40 (AFF).]
B. The name of the domestic limited partnership’s registered agent and the address of its registered agent at the time of dissolution; [PL 2007, c. 231, §37 (NEW); PL 2007, c. 231, §40 (AFF).]
C. The name and address of the party or parties requesting the revival; [PL 2007, c. 231, §37 (NEW); PL 2007, c. 231, §40 (AFF).]
D. The purpose or purposes for which revival is requested; and [PL 2007, c. 231, §37 (NEW); PL 2007, c. 231, §40 (AFF).]
E. The time period needed to complete the purpose or purposes specified under paragraph D. [PL 2007, c. 231, §37 (NEW); PL 2007, c. 231, §40 (AFF).]
[PL 2007, c. 231, §37 (NEW); PL 2007, c. 231, §40 (AFF).]
3. Notice of revival. The Secretary of State shall issue a notice to the domestic limited partnership to the address provided in subsection 2, paragraph C stating that the revival has been granted for the purpose or purposes and for the time period specified pursuant to the certificate of revival filed under this subsection.
[PL 2007, c. 231, §37 (NEW); PL 2007, c. 231, §40 (AFF).]
4. Termination of revival. When the time period specified in subsection 2, paragraph E has expired, the Secretary of State shall issue a notice to the domestic limited partnership at the address provided in subsection 2, paragraph C that the status of the limited partnership has returned to the status prior to filing the certificate of revival under this section.
[PL 2007, c. 231, §37 (NEW); PL 2007, c. 231, §40 (AFF).]
SECTION HISTORY
PL 2007, c. 231, §37 (NEW). PL 2007, c. 231, §40 (AFF).