Status as limited liability partnership; cancellation.

Checkout our iOS App for a better way to browser and research.

§425-155 Status as limited liability partnership; cancellation. (a) The status of a partnership as a limited liability partnership shall be effective upon the filing of the statement of qualification.

(b) Status as a limited liability partnership shall continue, regardless of changes in the partnership, until canceled pursuant to section 425-14, revoked pursuant to section 425-164, or voluntarily canceled pursuant to section 425-154. Cancellation of a statement of qualification shall be effective upon filing.

(c) The status of a partnership as a limited liability partnership and the liability of its partners shall not be affected by errors in or amendments made to the information required to be contained in the statement of qualification under section 425-153. [L 2000, c 218, pt of §1; am L 2001, c 241, §3]


Download our app to see the most-to-date content.