There is a newer version of the California Code
2005 California Corporations Code Sections 15621-15628 Article 2. Formation: Certificate of Limited Partnership ...
CORPORATIONS CODESECTION 15621-15628
15621. (a) In order to form a limited partnership the general partners shall execute, acknowledge, and file a certificate of limited partnership and, either before or after the filing of a certificate, the partners shall have entered into a partnership agreement. The certificate shall be filed in the office of, and on a form prescribed by, the Secretary of State and shall set forth all of the following: (1) The name of the limited partnership. (2) The street address of the principal executive office. (3) The names and addresses of the general partners. (4) The name and address of the agent for service of process required to be maintained by Section 15614, unless a corporate agent is designated, in which case only the name of the agent shall be set forth. (5) Any other matters the person filing the certificate determines to include. (b) A limited partnership is formed at the time of the filing of the certificate of limited partnership in the office of the Secretary of State. There shall be no requirement that any partner have a preexisting relationship with any other partner in order to form a limited partnership. (c) For all purposes, a copy of the certificate of limited partnership duly certified by the Secretary of State is conclusive evidence of the formation of a limited partnership and prima facie evidence of its existence. (d) A limited partnership may record in the office of the county recorder of any county in this state a certified copy of the certificate of limited partnership, or any amendment thereto, which has been filed in the office of the Secretary of State. A foreign limited partnership may record in the office of the county recorder of any county in the state a certified copy of the application for registration, together with the certificate of registration, referred to in Section 15692, or any amendment thereto, which has been filed in the office of the Secretary of State. The recording shall create a conclusive presumption in favor of any bona fide purchaser or encumbrancer for value of the partnership real property located in the county in which the certified copy has been recorded, that the persons named as general partners therein are the general partners of the partnership named and that they are all of the general partners of the partnership, and the recording shall also create such other presumptions as provided in Section 15010.5. (e) The Secretary of State may cancel the filing of certificates of limited partnership if a check or other remittance accepted in payment of the filing fee is not paid upon presentation. Upon receiving written notification that the item presented for payment has not been honored for payment, the Secretary of State shall give a first written notice of the applicability of this section to the agent for service of process or to the person submitting the instrument. Thereafter, if the amount has not been paid by cashier's check or equivalent, the Secretary of State shall give a second written notice of cancellation and the cancellation shall thereupon be effective. The second notice shall be given 20 days or more after the first notice and 90 days or less after the original filing. (f) The Secretary of State shall include with instructional materials, provided in conjunction with the form for filing a certificate of limited partnership under subdivision (a), a notice that the filing of the certificate of limited partnership will obligate the limited partnership to pay an annual tax for that taxable year to the Franchise Tax Board pursuant to Section 17935 of the Revenue and Taxation Code. That notice shall be updated annually to specify the dollar amount of the annual tax. 15622. (a) A certificate of limited partnership is amended by filing a certificate of amendment thereto executed and acknowledged as provided in Section 15624. The certificate of amendment shall be filed in the office of, and on a form prescribed by, the Secretary of State. The certificate of amendment shall set forth all of the following: (1) The name and the Secretary of State's file number of the limited partnership. (2) The text of the amendment to the certificate. (b) The general partners shall cause to be filed, within 30 days after the happening of any of the following events, an amendment to a certificate of limited partnership reflecting the occurrence of any of the following events: (1) A change in name of the limited partnership. (2) A change in the street address of the principal executive office. (3) A change in the address of a general partner or a change in the address of the agent for service of process, unless a corporate agent is designated, or appointment of a new agent for service of process. (4) The admission of a general partner. Any amendment filed pursuant to this paragraph shall set forth the address of the admitted general partner. (5) The cessation of a general partner to be a general partner. (6) The discovery by any of the general partners of any false or erroneous material statement contained in the certificate or any amendment thereto. (c) In the event a person other than a general partner is authorized to wind up the affairs of the limited partnership, whether as a result of the withdrawal of all general partners or otherwise, then upon dissolution of the limited partnership the certificate of limited partnership shall be amended to add the name and the business, residence, or mailing address of each person winding up the limited partnership's affairs. (d) A certificate of limited partnership may also be amended at any time in any other respect that the general partners determine. (e) (1) A certificate, entitled "Restated Certificate of Limited Partnership," may be filed that embodies in a single certificate all of the provisions that are in effect contained in the different certificates that have been filed with the Secretary of State pursuant to this article. (2) A restated certificate of limited partnership may include an amendment of the certificate of limited partnership not previously filed with the Secretary of State. (3) The restated certificate of limited partnership shall supersede the initial certificate of limited partnership and all amendments thereto previously filed with the Secretary of State. (4) Any amendment effected in connection with the restatement of the certificate of limited partnership shall be subject to any other provision of this chapter, not inconsistent with this section, that would apply if a separate certificate of amendment were filed to effect that amendment. 15623. (a) (1) The person authorized to execute the certificate of dissolution pursuant to Section 15624 shall cause to be filed in the office of, and on a form prescribed by, the Secretary of State, a certificate of dissolution upon the dissolution of the limited partnership pursuant to Article 8 (commencing with Section 15681). (2) The certificate of dissolution shall set forth all of the following: (A) The name of the limited partnership and the Secretary of State' s file number. (B) The event causing, and the date of, the dissolution. (C) Any other information the partners filing the certificate of dissolution determine to include. (b) (1) The person authorized to execute the certificate of cancellation pursuant to Section 15624 shall cause to be filed in the office of, and on a form prescribed by, the Secretary of State, a certificate of cancellation of certificate of limited partnership upon the completion of the winding up of the affairs of the limited partnership, pursuant to Article 8 (commencing with Section 15681). (2) The certificate of cancellation of certificate of limited partnership shall set forth all of the following: (A) The name of the limited partnership and the Secretary of State' s file number. (B) Any other information the partners filing the certificate of cancellation of certificate of limited partnership determine to include. (c) (1) Notwithstanding the filing of a certificate of dissolution, the general partners may cause to be filed, in the office of, and on a form prescribed by, the Secretary of State, a certificate of continuation, in any of the following circumstances: (A) The business of the partnership is to be continued pursuant to the written consent of all partners. (B) The dissolution of the partnership was by written consent of the partners pursuant to subdivision (b) of Section 15681 and each partner who consented to the dissolution has agreed in writing to revoke the partner's consent to the dissolution. (C) The partnership was not, in fact, dissolved. (2) The certificate of continuation shall set forth all of the following: (A) The name of the limited partnership and the Secretary of State' s file number. (B) The grounds provided by paragraph (1) that are the basis for filing the certificate of continuation. (3) Upon the filing of a certificate of continuation, the certificate of dissolution shall be of no effect from the time of the filing of the certificate of dissolution except to the extent provided in subdivision (c) of Section 15624. 15624. (a) Each certificate required by this article to be filed in the office of the Secretary of State shall be executed in the following manner: (1) A certificate referred to in Section 15621 shall be executed by all general partners, unless filed by a limited partner pursuant to Section 15633, or by any person authorized pursuant to subdivision (a) of Section 15625. (2) A certificate of amendment shall be executed by all general partners (or a lesser number provided in the certificate of limited partnership) and by each general partner designated in the certificate as a new partner, provided that: (A) If the amendment states the cessation of a general partner to be a general partner, it need not be signed by that former general partner. Notwithstanding the foregoing, if the general partner or partners required by this paragraph to execute the amendment fail after demand to do so within a reasonable time or refuse to do so, or if there are no remaining general partners and the limited partners winding up the limited partnership's affairs fail after demand to execute the amendment within a reasonable time or refuse to do so, it may be executed by that former general partner. (B) If the amendment is filed pursuant to subdivision (c) of Section 15622, it shall be executed by each person authorized to wind up the limited partnership's affairs and it need not be signed by any former general partner or any general partner not winding up the limited partnership's affairs. (3) A certificate of dissolution shall be executed by all general partners (or a lesser number provided in the certificate of limited partnership). However, if the limited partners are winding up the limited partnership affairs, a certificate of dissolution shall be executed by the person authorized by a majority in interest of the limited partners. (4) A certificate of cancellation of certificate of limited partnership shall be executed by all general partners (or a lesser number provided in the certificate of limited partnership). However, if the limited partners are winding up the limited partnership affairs, a certificate of cancellation of certificate of limited partnership shall be executed by the person authorized by a majority in interest of the limited partners. (5) A certificate of continuation shall be executed by all general partners (or a lesser number provided in the certificate of limited partnership). (6) A certificate of merger shall be executed by all general partners of each domestic constituent limited partnership (or a lesser number as provided in the certificate of limited partnership of the constituent limited partnership) and by one or more general partners of each foreign constituent limited partnership. In the event of a merger with an other business entity, the certificate of merger shall be executed by all general partners, or a lesser number provided in the limited partnership certificate, of each domestic constituent limited partnership and by one or more general partners of the foreign constituent limited partnership or by the person authorized by an other business entity. (7) A certificate filed by a limited partner pursuant to Section 15633 shall be signed by the limited partner. (8) A restated certificate of limited partnership shall be executed as any other certificate of amendment under paragraph (2) of subdivision (a). (b) Any person may execute any certificate referred to in this section by an attorney in fact. (c) Any general partner, or any limited partner executing a certificate pursuant to Section 15633, shall be liable for any statement materially inconsistent with the partnership agreement or any material misstatement of fact contained in the certificate if the partner knew or should have known that the statement was false when made and an amendment required by subdivision (b) of Section 15622 was not filed, and the person suffering the loss relied on the statement or misstatement. Any general partner shall be liable for any statement materially inconsistent with the partnership agreement or any material misstatement of fact contained in the certificate if the general partner knew or should have known that the statement became false and an amendment required by Section 15622 was not filed, and the person suffering the loss relied on the statement or misstatement. (d) Except as otherwise provided in Section 15642, no person has any liability because an amendment to a certificate of limited partnership has not been filed to reflect the occurrence of any event referred to in subdivision (b) of Section 15622 if the amendment is filed within the time specified in subdivision (b) of Section 15622. (e) Except as provided in subdivision (c), no limited partner shall incur any liability for any misstatement contained in the certificate or for failure to file an amendment to a certificate of limited partnership pursuant to subdivision (b) of Section 15622. (f) No person other than a general partner shall be subject to liability as a general partner by reason of having executed and filed a certificate of amendment required by subdivision (c) of Section 15622, a certificate of dissolution pursuant to Section 15623, or a certificate of cancellation of certificate of limited partnership pursuant to Section 15623. 15625. (a) If a general partner required by this article to execute or file a certificate of limited partnership fails after demand to do so within a reasonable time or refuses to do so, any other partner, or any person appointed by a court of competent jurisdiction, may prepare, execute, and file with the Secretary of State a certificate of limited partnership. (b) If a general partner required by this article to execute any certificate fails to do so within a reasonable time or refuses to do so, or if there is any dispute concerning the filing of a certificate of amendment, a certificate of continuation, a certificate of dissolution, or a certificate of cancellation of limited partnership, or the failure to file any of those certificates, any partner may petition the superior court to direct the execution of the certificate. If the court finds that it is proper for the certificate to be executed and that any person so designated has failed or refused to execute the certificate, or if the court determines that any certificate should be filed, it shall order a party to file a certificate on the appropriate form prescribed by the Secretary of State, as ordered by the court. In any action under this subdivision, if the court finds the failure of the general partner to comply with the requirement to file any certificate to have been without justification, the court may award an amount sufficient to reimburse the partners bringing the action for the reasonable expenses incurred by the partners, including attorneys' fees, in connection with the action or proceeding. (c) Any person, other than a general partner, filing any certificate under this chapter, shall state the statutory authority after the signature on the appropriate certificate. 15626. Upon the filing of a certificate of amendment in the office of the Secretary of State, the certificate of limited partnership is amended as set forth therein, and upon the filing of a certificate of cancellation of certificate of limited partnership pursuant to paragraph (1) of subdivision (b) of Section 15623, the certificate of limited partnership is canceled. 15627. (a) In addition to Chapter 4 (commencing with Section 413.10) of Title 5 of Part 2 of the Code of Civil Procedure, process may be served upon limited partnerships and foreign limited partnerships as provided in this section. (b) Personal service of a copy of any process against the limited partnership or the foreign limited partnership by delivery (1) to any individual designated by it as agent or, if a limited partnership, to any general partner or (2) if the designated agent or, if a limited partnership, general partner is a corporation, to any person named in the latest certificate of the corporate agent filed pursuant to Section 1505 at the office of the corporate agent or to any officer of the general partner, shall constitute valid service on the limited partnership or the foreign limited partnership. No change in the address of the agent for service of process or appointment of a new agent for service of process shall be effective (1) for a limited partnership until an amendment to the certificate of limited partnership is filed pursuant to paragraph (3) of subdivision (b) of Section 15622 or (2) for a foreign limited partnership until an amendment to the application for registration is filed pursuant to Section 15695. In the case of a foreign limited partnership that has appointed the Secretary of State as agent for service of process by reason of subdivision (e) of Section 15697, process shall be delivered by hand to the Secretary of State, or to any person employed in the capacity of assistant or deputy, which shall be one copy of the process for each defendant to be served, together with a copy of the court order authorizing the service and the fee therefor. The order shall include and set forth an address to which such process shall be sent by the Secretary of State. (c) (1) If an agent for service of process has resigned and has not been replaced or if the agent designated cannot with reasonable diligence be found at the address designated for personal delivery of the process, and it is shown by affidavit to the satisfaction of the court that process against a limited partnership or foreign limited partnership cannot be served with reasonable diligence upon the designated agent or, if a foreign limited partnership, upon any general partner by hand in the manner provided in Section 415.10, subdivision (a) of Section 415.20 or subdivision (a) of Section 415.30, of the Code of Civil Procedure, the court may make an order that the service shall be made upon a domestic limited partnership which has filed a certificate pursuant to Section 15621 or upon a registered foreign limited partnership by delivering by hand to the Secretary of State, or to any person employed in the Secretary of State's office in the capacity of assistant or deputy, one copy of the process for each defendant to be served, together with a copy of the order authorizing the service. Service in this manner shall be deemed complete on the 10th day after delivery of the process to the Secretary of State. (2) Upon receipt of any such copy of process and the fee therefor, the Secretary of State shall give notice of the service of the process to the limited partnership or foreign limited partnership, at its principal executive office, by forwarding to that office, by registered mail with request for return receipt, the copy of the process. (3) The Secretary of State shall keep a record of all process served upon the Secretary of State under this chapter and shall record therein the time of service and the Secretary of State's action with reference thereto. A certificate under the Secretary of State's official seal, certifying to the receipt of process, the giving of notice thereof to the limited partnership or foreign limited partnership, and the forwarding of the process pursuant to this section, shall be competent and prima facie evidence of the matters stated therein. (d) (1) The certificate of a limited partnership and the application for registration of a foreign limited partnership shall designate, as the agent for service of process, an individual residing in this state or a corporation which has complied with Section 1505 and whose capacity to act as an agent has not terminated. If an individual is designated, the statement shall set forth that person's complete business or residence address in this state. (2) An agent designated for service of process may file with the Secretary of State a signed and acknowledged written statement of resignation as an agent. Thereupon the authority of the agent to act in that capacity shall cease and the Secretary of State forthwith shall give written notice of the filing of the statement of resignation by mail to the limited partnership or foreign limited partnership addressed to its principal executive office. (3) If an individual who has been designated agent for service of process dies or resigns or no longer resides in the state or if the corporate agent for that purpose, resigns, dissolves, withdraws from the state, forfeits its right to transact intrastate business, has its corporate rights, powers and privileges suspended or ceases to exist, (A) the limited partnership shall promptly file an amendment to the certificate pursuant to paragraph (3) of subdivision (b) of Section 15622 designating a new agent or (B) the foreign limited partnership shall promptly file an amendment to the application for registration pursuant to Section 15695. (e) In addition to any other discovery rights which may exist, in any case pending in a California court having jurisdiction in which a party seeks records from a partnership formed under this chapter, whether or not the partnership is a party, the court shall have the power to order the production in California of the books and records of the partnership on the terms and conditions that the court deems appropriate. 15627.5. (a) A partner may, in a written partnership agreement or other writing, consent to be subject to the nonexclusive jurisdiction of the courts of a specified jurisdiction, or the exclusive jurisdiction of the courts of this state. (b) If a partner desires to use the arbitration process, that partner may in a written partnership agreement or other writing, consent to be nonexclusively subject to arbitration in a specified state, or to be exclusively subject to arbitration in this state. (c) Along with this consent to the jurisdiction of courts or arbitration, a partner may consent to be served with legal process in the manner prescribed in the partnership agreement or other writing. 15628. Upon receipt of any instrument accompanied by the fee prescribed therefor in the Government Code by the Secretary of State for filing pursuant to this chapter, it shall be filed by, and in the office of, the Secretary of State and the date of filing endorsed thereon. The date of filing shall be the date the instrument is received by the Secretary of State unless withheld from filing for a period of time not to exceed 90 days pursuant to a request by the party submitting it for filing or unless in the judgment of the Secretary of State the filing is intended to be coordinated with the filing of some other document which cannot be filed. The Secretary of State shall file a document as of any requested future date not more than 90 days after its receipt, including a Saturday, Sunday or legal holiday, if that document is received in the Secretary of State' s office at least one business day prior to the requested date of filing. Upon receipt and after filing of any document under this chapter the Secretary of State may microfilm or reproduce by other techniques any such filings or documents and destroy the original filing or document. The microfilm or other reproduction of any document under the provision of this section shall be admissible in any court of law.
Disclaimer: These codes may not be the most recent version. California may have more current or accurate information. We make no warranties or guarantees about the accuracy, completeness, or adequacy of the information contained on this site or the information linked to on the state site. Please check official sources.
This site is protected by reCAPTCHA and the Google
Privacy Policy and
Terms of Service apply.