1997 Minnesota Statutes

     323A.10-03 Annual registration. 

    (a) A limited liability partnership, and a foreign limited 
 liability partnership authorized to transact business in this 
 state, shall file an annual registration in the office of the 
 secretary of state which contains: 

    (1) the name of the limited liability partnership and the 
 state or other jurisdiction under whose laws the foreign limited 
 liability partnership is formed; 

    (2) the street address, including the zip code, of the 
 partnership's chief executive office and, if different, the 
 street address, including the zip code, of an office of the 
 partnership in this state, if any; and 

    (3) if the partnership does not have an office in this 
 state, the name and street address, including the zip code, of 
 the partnership's current agent for service of process. 

    (b) An annual registration must be filed once each calendar 
 year beginning in the year following the calendar year in which 
 a partnership files a statement of qualification or a foreign 
 partnership becomes authorized to transact business in this 
 state. 

    (c) The secretary of state will revoke the statement of 
 qualification of a partnership that fails to file an annual 
 registration when due or pay the required filing fee.  To do so, 
 the secretary of state shall provide the partnership 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 
 registration.  The notice must specify the annual registration 
 that has not been filed, the fee that has not been paid, and the 
 effective date of the revocation.  The revocation is not 
 effective if the annual registration is filed and the fee is 
 paid before the effective date of the revocation. 

    (d) A revocation under subsection (c) only affects a 
 partnership's status as a limited liability partnership and is 
 not an event of dissolution of the partnership. 

    (e) A partnership whose statement of qualification has been 
 revoked may apply to the secretary of state for reinstatement 
 within one year after the effective date of the revocation.  A 
 partnership must file an annual registration to apply for 
 reinstatement and pay a reinstatement fee of $135.  

    (f) A reinstatement under subsection (e) 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. 

    HIST: 1997 c 174 art 10 s 55