321.0907 CANCELLATION OF CERTIFICATE OF AUTHORITY; EFFECT OF
FAILURE TO HAVE CERTIFICATE.
(a) In order to cancel its certificate of authority to transact business in this state, a foreign
limited partnership must deliver to the secretary of state for filing a notice of cancellation. The
certificate is canceled when the notice becomes effective under section
321.0206.
(b) A foreign limited partnership transacting business in this state may not maintain an action
or proceeding in this state unless it has a certificate of authority to transact business in this state.
(c) The failure of a foreign limited partnership to have a certificate of authority to transact
business in this state does not impair the validity of a contract or act of the foreign limited
partnership or prevent the foreign limited partnership from defending an action or proceeding in
this state.
(d) A partner of a foreign limited partnership is not liable for the obligations of the foreign
limited partnership solely by reason of the foreign limited partnership's having transacted business
in this state without a certificate of authority.
(e) If a foreign limited partnership transacts business in this state without a certificate of
authority or cancels its certificate of authority, it appoints the secretary of state as its agent for
service of process for rights of action arising out of the transaction of business in this state.
History: 2004 c 199 art 9 s 80