Montana Code 35-12-1313. Revocation of certificate of authority
35-12-1313. Revocation of certificate of authority. (1) A certificate of authority of a foreign limited partnership to transact business in this state may be revoked by the secretary of state in the manner provided in subsections (2) and (3) if the foreign limited partnership does not:
Terms Used In Montana Code 35-12-1313
- 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.
- Process: means a writ or summons issued in the course of judicial proceedings. See Montana Code 1-1-202
- Service of process: The service of writs or summonses to the appropriate party.
- State: when applied to the different parts of the United States, includes the District of Columbia and the territories. See Montana Code 1-1-201
(a)pay any fee, tax, or penalty due to the secretary of state under this chapter or other law;
(b)appoint and maintain an agent for service of process as required by 35-7-105; or
(c)deliver for filing a statement of a change under 35-7-108 within 30 days after a change has occurred in the name or address of the agent.
(2)In order to revoke a certificate of authority, the secretary of state shall prepare, sign, and file a notice of revocation and deliver a copy to the foreign limited partnership’s agent for service of process in this state or, if the foreign limited partnership does not appoint and maintain a proper agent in this state, to the foreign limited partnership’s designated office. The notice must state:
(a)the revocation’s effective date, which must be at least 60 days after the date the secretary of state sends the copy; and
(b)the foreign limited partnership’s failures to comply with subsection (1) that are the reason for the revocation.
(3)The authority of the foreign limited partnership to transact business in this state ceases on the effective date of the notice of revocation unless before that date the foreign limited partnership cures each failure to comply with subsection (1) stated in the notice. If the foreign limited partnership cures the failures, the secretary of state shall so indicate on the filed notice.