Wisconsin Statutes 178.10101 – Grounds for revocation
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Terms Used In Wisconsin Statutes 178.10101
- Following: when used by way of reference to any statute section, means the section next following that in which the reference is made. See Wisconsin Statutes 990.01
- Jurisdiction: (1) The legal authority of a court to hear and decide a case. Concurrent jurisdiction exists when two courts have simultaneous responsibility for the same case. (2) The geographic area over which the court has authority to decide cases.
- 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: when applied to states of the United States, includes the District of Columbia, the commonwealth of Puerto Rico and the several territories organized by Congress. See Wisconsin Statutes 990.01
(1) Except as provided in sub. (2), the department may bring a proceeding under s. 178.10102 to revoke the statement of foreign registration of a foreign limited liability partnership authorized to do business in this state if any of the following applies:
(a) The foreign limited liability partnership fails to file its annual report with the department within 4 months after it is due.
(b) The foreign limited liability partnership does not pay, within 4 months after they are due, any fees or penalties due the department under this chapter.
(c) The foreign limited liability partnership is without a registered agent or registered office in this state for at least 6 months.
(d) The foreign limited liability partnership does not inform the department under s. 178.0909, 178.0910, or 178.1004 that its registered agent or registered office has changed, that its registered agent has resigned, or that its registered office has been discontinued, within 6 months of the change, resignation, or discontinuance.
(e) The foreign limited liability partnership’s statement of foreign registration contains fraudulent or materially false information.
(f) The department receives a duly authenticated certificate from the secretary of state or other official having custody of partnership records in the jurisdiction of the foreign limited liability partnership’s governing law stating that it has been dissolved or disappeared as the result of a merger or other event.
(g) The foreign limited liability partnership violates s. 940.302 (2) or 948.051 (2).
(2) If the department receives a certificate under sub. (1) (f) and a statement by the foreign limited liability partnership that the certificate is submitted to terminate its authority to do business in this state, the department shall revoke the foreign limited liability partnership’s foreign registration statement under s. 178.10102 (2) (b).
(3) A court may revoke under s. 946.87 the statement of foreign registration of a foreign limited liability partnership authorized to transact business in this state. The court shall notify the department of the action, and the department shall revoke the foreign limited liability partnership’s statement of foreign registration under s. 178.10102.