Sec. 34-38u. Foreign limited partnerships. Revocation of certificate of registration.
Sec. 34-38u. Foreign limited partnerships. Revocation of certificate of registration. (a) The certificate of registration of a foreign limited partnership to transact
business in this state may be revoked by the Secretary of the State upon the conditions
provided in this section when: (1) Any wilful misrepresentation has been made of any
material matter in any application, report, affidavit or other document, submitted by
such foreign limited partnership pursuant to this chapter; or (2) the foreign limited partnership is exceeding the authority conferred upon it by this chapter.
(b) On the happening of the events set out in subdivision (1) or (2) of subsection
(a) of this section, the Secretary of the State shall give not less than twenty days' written
notice to the foreign limited partnership that he intends to revoke the certificate of registration of such foreign limited partnership for one of said causes, specifying the same.
Such notice shall be given by registered or certified mail or mail evidenced by a certificate of mailing addressed to the foreign limited partnership at its address as last shown
on the records of the Secretary of the State. If, before expiration of the time set forth in
such notice, the foreign limited partnership establishes to the satisfaction of the Secretary
of the State that the stated cause for the revocation of its certificate of registration did
not exist at the time the notice was mailed or, if it did exist at said time, has been cured,
the Secretary of the State shall take no further action. Otherwise, on the expiration of
the time stated in the notice, he shall revoke the certificate of registration of such foreign
limited partnership to transact business in this state.
(c) Upon revoking the certificate of registration of any foreign limited partnership,
the Secretary of the State shall file a certificate of revocation in his office and mail a
copy thereof to such foreign limited partnership at its address as last shown on his
records. The filing of such certificate of revocation shall cause the authority of a foreign
limited partnership to transact business in this state to cease. Notwithstanding the filing
of the certificate of revocation, the appointment by a foreign limited partnership of an
attorney upon whom process may be served shall continue in force as long as any liability
remains outstanding against the foreign limited partnership in this state.
(P.A. 95-252, S. 7.)