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362.2-809 Administrative dissolution. (Repealed, effective January 1, 2011)
(1) The Secretary of State may commence a proceeding to administratively dissolve a
domestic limited partnership if: <br>(a) The limited partnership does not deliver its annual report to the Secretary of
State on or before the due date;
(b) The limited partnership is without a registered agent or registered office in this
Commonwealth for sixty (60) days or more; or
(c) The partnership does not notify the Secretary of State within sixty (60) days
that its registered agent or registered office has been changed, that its <br>registered agent has resigned, or that its registered office has been <br>discontinued.
(2) If the Secretary of State determines that one (1) or more grounds exist for the
administrative dissolution of a limited partnership, then the Secretary of State shall <br>send to the partnership at its designated office by first class mail a written notice of <br>that determination.
(3) If the limited partnership does not correct each ground for dissolution or
demonstrate to the reasonable satisfaction of the Secretary of State that each ground <br>determined by the Secretary of State does not exist within sixty (60) days from the <br>date on which the notice was mailed, then the Secretary of State shall <br>administratively dissolve the limited partnership by signing a certificate of <br>dissolution that recites the ground or grounds for dissolution and its effective date. <br>The Secretary of State shall file the original certificate and serve a copy on the <br>limited partnership by mailing such certificate by first class mail to the limited <br>partnership at its registered office.
(4) A limited partnership administratively dissolved continues its existence but shall
not carry on any business except that necessary to wind up and liquidate its business <br>and affairs as provided in KRS 362.2-803 to 362.2-812.
(5) The administrative dissolution of a limited partnership shall not terminate the
authority of its registered agent.
Effective: July 15, 2010 <br>History: Amended 2010 Ky. Acts ch. 133, sec. 64, effective July 15, 2010; and
repealed ch. 151, sec. 151, effective January 1, 2011. -- Created 2006 Ky. Acts <br>ch. 149, sec. 157, effective July 12, 2006.
Legislative Research Commission Note (1/1/2011). 2010 Ky. Acts ch. 151, sec. 151,
has repealed this statute effective January 1, 2011.
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