§ 488.906 — Revocation of certificate of authority

Iowa § 488.906

• Jurisdiction: Iowa
• Title XII: BUSINESS ENTITIES
• Ch. 488: UNIFORM LIMITED PARTNERSHIP ACT

Text

1. A certificate of authority of a foreign limited partnership to transact business in this
state may be revoked by the secretary of state in the manner provided in subsections 2 and 3
if the foreign limited partnership does not do any of the following:
a. Pay, within sixty days after the due date, any fee, tax or penalty under this chapter or
other law due the secretary of state.
b. Deliver, within sixty days after the due date, its biennial report required under section
488.210.
c. Appoint and maintain a registered agent for service of process as required by section
488.114, subsection 2.
d. Deliver for filing a statement of a change under section 488.115 within thirty days after
a change has occurred in the name or address of the registered agent for service of process.
2. In order to revoke a certificate of authority, the secretary of state must prepare, sign,
and file a notice of revocation and send a copy to the foreign limited partnership’s registered
agent for service of process in this state, or if the foreign limited partnership does not appoint
andmaintainaproperagentinthisstate, totheforeignlimitedpartnership’sregisteredoffice.
The notice must state all of the following:
a. The revocation’s effective date, which must be at least sixty days after the date the
secretary of state sends the copy.
b. The foreign limited partnership’s failures to comply with subsection 1 which are the
reason for the revocation.
3. The authority of the foreign limited partnership to transact business in this state ceases
on the effective date of the notice of revocation unless before that date the foreign limited
partnership cures each failure to comply with subsection 1 stated in the notice. If the foreign
limited partnership cures the failures, the secretary of state shall so indicate on the filed
notice.