53-3-1003A REVOCATION OF STATEMENT OF QUALIFICATION. - Idaho Statutes

TITLE 53

PARTNERSHIP

CHAPTER 3

UNIFORM PARTNERSHIP ACT

PART 10.

LIMITED LIABILITY PARTNERSHIP

53-3-1003A. Revocation of statement of qualification. (a) The secretary of state may revoke the statement of qualification of a partnership that fails to file an annual report when due or to maintain a registered agent for service of process in this state. To do so, the secretary of state shall provide the partnership at least sixty (60) days’ written notice of intent to revoke the statement. The notice must be mailed to the partnership at its chief executive office set forth in the last filed statement of qualification or annual report. The notice must specify the annual report that has not been filed or that the registered agent has resigned or cannot be found, and the prospective effective date of the revocation. The revocation is not effective if the annual report or an appointment of registered agent, as appropriate, is filed before the effective date of the revocation.

(b) A revocation under subsection (a) of this section only affects a partnership’s status as a limited liability partnership and is not an event of dissolution of the partnership.

(c) A partnership whose statement of qualification has been revoked may apply to the secretary of state for reinstatement within two (2) years after the effective date of the revocation. The application must:

(1) State the name of the partnership and the effective date of the revocation; and

(2) Be accompanied by a current annual report or appointment of registered agent, as appropriate.

(d) A reinstatement under subsection (c) of this section relates back to and takes effect as of the effective date of the revocation, and the partnership’s status as a limited liability partnership continues as if the revocation had never occurred.