Administrative revocation of statement of foreign qualification; reinstatement

1. Law
2. Mississippi Code
3. Corporations, Associations, and Partnerships
4. Uniform Partnership Act (1997)
5. Foreign Limited Liability Partnership
6. Administrative revocation of statement of foreign qualification; reinstatement

A foreign limited liability partnership whose statement of foreign qualification is administratively revoked under Section 79-13-1107 may apply to the Secretary of State for reinstatementat any time after the effective date of such revocation. The application must:

1. Recite the name of the limited liability partnership and the effective date of the administrative revocation;
2. State that the ground or grounds for revocation either did not exist or have been eliminated;
3. State that the limited liability partnership's name satisfies the requirements of Section 79-13-1002; and
4. Contain a certificate from the Mississippi Department of Revenue reciting that the limited liability partnership has properly filed all reports and paid all taxes and penalties required by revenue laws of this state.

If the Secretary of State determines that the application contains the information required by subsection (a) of this section and that the information is correct, he shall reinstate the registration, prepare a certificate that recites his determination and the effective date of reinstatement, file the original of the certificate, and serve a copy on the limited liability partnership.

When the reinstatement is effective:

The reinstatement relates back to and takes effect as of the effective date of the administrative revocation;

Any liability incurred by a member after the administrative revocation and before the reinstatement shall be determined as if the administrative revocation had never occurred; and

The limited liability partnership may resume its business as if the administrative revocation had never occurred.

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