Sec. 34-421. (Formerly Sec. 34-81d). Domestic limited liability partnership: Failure to file report. Incorrect report.
Sec. 34-421. (Formerly Sec. 34-81d). Domestic limited liability partnership:
Failure to file report. Incorrect report. (a) Any registered limited liability partnership
required to file an annual report as provided in section 34-420, which fails to file its
annual report on or before the due date thereof, shall be in default in respect thereof
until the same is filed. However, the status of the registered limited liability partnership
or the limited liability of the partners thereof shall not be affected, except as provided
under subsection (b) of section 34-422.
(b) The Secretary of the State shall not accept for filing a report from a registered
limited liability partnership until any default for failure to file any prior report is cured.
If the Secretary of the State finds that any annual report received from a registered
limited liability partnership does not conform to law, he may return it to the registered
limited liability partnership for correction.
(c) The Secretary of the State shall proceed as provided in section 34-422 whenever
a registered limited liability partnership is in default for failing to file its annual report
required by section 34-420.
(P.A. 94-218, S. 11, 28.)
History: P.A. 94-218 effective January 1, 1996; Sec. 34-81d transferred to Sec. 34-421 in 1997, effective July 1, 1997.